$56,000
4.00 Acres
Land
Cynthia Dolbow, Listing Office: Keller Williams Advantage
Is Checotah, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Checotah was a Seller's Market.
Key Takeaway
Checotah is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Checotah, OK
How much do homes in Checotah, OK cost?
Median Sold Price
$200,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,000(-6.5%)
Key Takeaway
Homes in Checotah have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Checotah was $200,000 in November 2024, down 6.5% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $147.5K | N/A |
| 2 Bedrooms | $158K | $151.5K | -4.1% |
| 3 Bedrooms | $209K | $230K | +10.0% |
| 4 Bedrooms | $430K | $365K | -15.1% |
| 5+ Bedrooms | $420K | $290K | -31.0% |
Summary: Checotah housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 31%.
Housing Supply in Checotah, OK
How many homes are available in Checotah, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 47 | 0.0% |
Summary: The Checotah real estate market had 47 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Checotah housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Checotah, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Checotah in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Checotah, OK
How long does it take to sell a home in Checotah, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 44 Days | -25.8% |
Summary: Homes in Checotah had an average of 44 days on market in Nov 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Checotah are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Checotah; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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