$4,631 Closing Credit*
$390,000
2,397 SqFt
4 Beds
•2 Full Baths
Nona Paige, Erica Lewis, Listing Office: eXp Realty, LLC
Is Choctaw, 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, Choctaw was a Seller's Market.
Key Takeaway
Choctaw 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 Choctaw, OK
How much do homes in Choctaw, OK cost?
Median Sold Price
$320,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+4.9%)
Key Takeaway
Homes in Choctaw have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Choctaw was $320,000 in November 2024, up 4.9% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $67.5K | N/A |
| 2 Bedrooms | $86.7K | $151.3K | +74.4% |
| 3 Bedrooms | $270.5K | $285K | +5.4% |
| 4 Bedrooms | $377.7K | $402.5K | +6.6% |
| 5+ Bedrooms | $425K | $489.5K | +15.2% |
Summary: Choctaw 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 increased by 74.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Cities
| Jones | $415.2K | $450K | +8.4% |
| Oklahoma City Southeast | $189.1K | $199.9K | +5.7% |
| Choctaw | $305K | $320K | +4.9% |
| Harrah | $240K | $250K | +4.2% |
| Nicoma Park | $220.2K | $221.8K | +0.7% |
Housing Supply in Choctaw, OK
How many homes are available in Choctaw, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 151 | 125 | -17.2% |
Summary: The Choctaw real estate market had 125 homes for sale in November 2024, a 17.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 87 | 71 | -18.4% |
| 4 Bedrooms | 48 | 41 | -14.6% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Choctaw housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 20 | -47.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Choctaw, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Choctaw in November 2024, down by 47.4% month-over-month. Of the 20 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Choctaw, OK
How long does it take to sell a home in Choctaw, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 60 Days | +12.8% |
Summary: Homes in Choctaw had an average of 60 days on market in Nov 2024, up by 12.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Choctaw has remained consistent over time.
Summary: During November 2024, 20 homes were sold in Choctaw; 40% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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