Is Chouteau, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chouteau is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Chouteau was a Seller's Market.

Key Takeaway

Chouteau is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Chouteau, OK

How much do homes in Chouteau, OK cost?

Median Sold Price

$225,000

$142/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in Chouteau has remained the same since last year.

Summary: The median home sold price in Chouteau was $225,000 in November 2024, the same as last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K-
N/A
2 $141K$85K
-39.7%
3 $225K$225K
0.0%
4 $300K$335K
+11.7%
5+ $285K$397.5K
+39.5%

Summary: Chouteau 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 39.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 39.5%.

Housing Supply in Chouteau, OK

How many homes are available in Chouteau, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
23230.0%

Summary: The Chouteau real estate market had 23 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1414
0.0%
4 45
+25.0%
5+ 22
0.0%

Summary: The Chouteau 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chouteau, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Chouteau in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Chouteau, OK

How long does it take to sell a home in Chouteau, OK?

Average Sale Time

Nov 2023Nov 2024CHANGE
92 Days265 Days+186.8%

Summary: Homes in Chouteau had an average of 265 days on market in Nov 2024, up by 186.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Chouteau are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Chouteau; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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