$299,900
12.00 Acres
Land
Shane Willard, Listing Office: CENTURY 21 Judge Fite Company
Is Choctaw, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Choctaw has remained a Seller's Market.
Key Takeaway
Choctaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Choctaw, OK
How much do homes in Choctaw, OK cost?
Median Sold Price
$324,416
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,416(+6.4%)
Key Takeaway
Homes in Choctaw have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Choctaw was $324,416 in October 2024, up 6.4% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $86.7K | $170K | +96.0% |
| 3 Bedrooms | $270K | $285K | +5.6% |
| 4 Bedrooms | $376.2K | $405.5K | +7.8% |
| 5+ Bedrooms | $400K | $489.5K | +22.4% |
Summary: Choctaw housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 96%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 22.4%.
Median Sold Price Compared To Nearby Cities
| Harrah | $233K | $251.9K | +8.2% |
| Oklahoma City Southeast | $187K | $199.8K | +6.9% |
| Jones | $416.5K | $444.9K | +6.8% |
| Choctaw | $305K | $324.4K | +6.4% |
| Nicoma Park | $214K | $218.8K | +2.2% |
Housing Supply in Choctaw, OK
How many homes are available in Choctaw, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 147 | 153 | +4.1% |
Summary: The Choctaw real estate market had 153 homes for sale in October 2024, a 4.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 84 | 87 | +3.6% |
| 4 Bedrooms | 49 | 51 | +4.1% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Choctaw housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 36 | +80.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Choctaw, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Choctaw in October 2024, up by 80.0% month-over-month. Of the 36 sold homes, 53% were sold under asking, 25% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 41 Days | +47.3% |
Summary: Homes in Choctaw had an average of 41 days on market in Oct 2024, up by 47.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Choctaw are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in Choctaw; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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