$1,413 Closing Credit*
$119,000
720 SqFt
1 Bed
•1 Full Bath
Melissa K Mansfield, Listing Office: Chinowth & Cohen
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 Seller's Market.
Key Takeaway
Downtown 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 Downtown, OK
How much do homes in Downtown, OK cost?
Median Sold Price
$123,004
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,004(+12.8%)
Key Takeaway
Homes in Downtown have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Downtown was $123,004 in October 2024, up 12.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95.7K | $108.5K | +13.3% |
| 2 Bedrooms | $184.9K | $162.4K | -12.1% |
| 3 Bedrooms | $1.6M | $1.0M | -37.1% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | 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 13.3%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes decreased by 37.1%, 4 bedroom homes did not change, 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 |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Downtown real estate market had 18 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Downtown in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% 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 |
|---|---|---|
| 13 Days | 30 Days | +133.3% |
Summary: Homes in Downtown had an average of 30 days on market in Oct 2024, up by 133.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Downtown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Downtown; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
