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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chouteau is a neutral's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

Chouteau 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 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.

Difference Since December 2023

+$2,500(+1.1%)

Key Takeaway

Homes in Chouteau have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Chouteau was $225,000 in December 2024, up 1.1% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $132K$82.5K
-37.5%
3 $225K$222.4K
-1.1%
4 $276K$359.9K
+30.4%
5+ $320K$475K
+48.4%

Summary: Chouteau housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 48.4%.

Housing Supply in Chouteau, OK

How many homes are available in Chouteau, OK?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2127+28.6%

Summary: The Chouteau real estate market had 27 homes for sale in December 2024, a 28.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1315
+15.4%
4 57
+40.0%
5+ 23
+50.0%

Summary: The Chouteau housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 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 may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Chouteau in December 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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

Dec 2023Dec 2024CHANGE
38 Days49 Days+27.9%

Summary: Homes in Chouteau had an average of 49 days on market in Dec 2024, up by 27.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chouteau are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in Chouteau; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

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