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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Colbert is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Colbert was a Buyer's Market.

Key Takeaway

Colbert is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Colbert, OK

How much do homes in Colbert, OK cost?

Median Sold Price

$264,500

$131/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$157,500(+147.2%)

Key Takeaway

Homes in Colbert have sold for 147.2% more than they did a month ago.

Summary: The median home sold price in Colbert was $264,500 in November 2024, up 147.2% from last month, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $107K$234K
+118.7%
3 -$295K
N/A
4 --
N/A
5+ --
N/A

Summary: Colbert housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 118.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Colbert, OK

How many homes are available in Colbert, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1011+10.0%

Summary: The Colbert real estate market had 11 homes for sale in November 2024, a 10.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 78
+14.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Colbert 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Colbert, 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 Colbert in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Colbert, OK

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

Average Sale Time

Oct 2024Nov 2024CHANGE
134 Days69 Days-48.5%

Summary: Homes in Colbert had an average of 69 days on market in Nov 2024, down by 48.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Colbert has remained consistent over time.

Summary: During November 2024, 4 homes were sold in Colbert; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Colbert, OK

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