$29,777
Land
Laura Lee Ford, Listing Office: McGraw, REALTORS
Is Drumright, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Drumright was a Seller'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
$128,200
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$18,800(-12.8%)
Key Takeaway
Homes in Drumright have sold for 12.8% less than they did a year ago.
Summary: The median home sold price in Drumright was $128,200 in November 2024, down 12.8% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $40K | N/A |
| 2 Bedrooms | $126.5K | $106.5K | -15.8% |
| 3 Bedrooms | $150K | $155K | +3.3% |
| 4 Bedrooms | $340K | $129.5K | -61.9% |
| 5+ Bedrooms | $147K | $155K | +5.4% |
Summary: Drumright housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 61.9%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Drumright real estate market had 17 homes for sale in November 2024, a 6.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Drumright 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 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were 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, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Drumright in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 35 Days | +18.6% |
Summary: Homes in Drumright had an average of 35 days on market in Nov 2024, up by 18.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Drumright has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Drumright; 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.
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