$10,000 Closing Credit*
$1,195,511
3,470 SqFt
4 Beds
•2 Full Baths, 1 Partial
Rebecca West, Listing Office: Metro First Realty
Is Downtown, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Downtown was a Neutral Market.
Key Takeaway
Downtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown, OK
How much do homes in Downtown, OK cost?
Median Sold Price
$335,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$137,500(-29.1%)
Key Takeaway
Homes in Downtown have sold for 29.1% less than they did a year ago.
Summary: The median home sold price in Downtown was $335,000 in October 2024, down 29.1% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231.2K | $235.8K | +2.0% |
| 2 Bedrooms | $431K | $345K | -20.0% |
| 3 Bedrooms | $785K | $781.5K | -0.4% |
| 4 Bedrooms | $950K | $875K | -7.9% |
| 5+ Bedrooms | - | $426K | N/A |
Summary: Downtown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes did not change.
Housing Supply in Downtown, OK
How many homes are available in Downtown, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 43 | +16.2% |
Summary: The Downtown real estate market had 43 homes for sale in October 2024, a 16.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 13 | 18 | +38.5% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown 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 increased by 38.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Downtown in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown, OK
How long does it take to sell a home in Downtown, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 80 Days | 97 Days | +20.5% |
Summary: Homes in Downtown had an average of 97 days on market in Oct 2024, up by 20.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Downtown has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Downtown; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 