$2,375 Closing Credit*
$200,000
1,711 SqFt
3 Beds
•2 Full Baths
Rebecca Ennis, Listing Office: Kevo Properties
Is Drumright, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Drumright has remained a Buyer's Market.
Key Takeaway
Drumright is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Drumright, OK
How much do homes in Drumright, OK cost?
Median Sold Price
$132,500
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,500(-8.6%)
Key Takeaway
Homes in Drumright have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in Drumright was $132,500 in October 2024, down 8.6% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $40K | N/A |
| 2 Bedrooms | $135.7K | $106.5K | -21.5% |
| 3 Bedrooms | $137.5K | $157.4K | +14.5% |
| 4 Bedrooms | $295.5K | $176.2K | -40.4% |
| 5+ Bedrooms | $147K | $155K | +5.4% |
Summary: Drumright housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.5%, 3 bedroom homes increased by 14.5%, 4 bedroom homes decreased by 40.4%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in Drumright, OK
How many homes are available in Drumright, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Summary: The Drumright real estate market had 17 homes for sale in October 2024, a 54.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Drumright housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Drumright, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Drumright in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Drumright, OK
How long does it take to sell a home in Drumright, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 20 Days | -29.3% |
Summary: Homes in Drumright had an average of 20 days on market in Oct 2024, down by 29.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Drumright are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Drumright; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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