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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Durant is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Durant has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Durant, OK

How much do homes in Durant, OK cost?

Median Sold Price

$244,500

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,082(-3.6%)

Key Takeaway

Homes in Durant have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in Durant was $244,500 in October 2024, down 3.6% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $103.5K$171.2K
+65.5%
2 $115K$145.9K
+26.9%
3 $242K$233.4K
-3.5%
4 $306.5K$329K
+7.3%
5+ $530K$480K
-9.4%

Summary: Durant housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.5%, 2 bedroom homes increased by 26.9%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 9.4%.

Median Sold Price Compared To Nearby Cities

Calera
+0.8%
Durant
-3.6%

Housing Supply in Durant, OK

How many homes are available in Durant, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
131134+2.3%

Summary: The Durant real estate market had 134 homes for sale in October 2024, a 2.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 129
-25.0%
3 8592
+8.2%
4 2827
-3.6%
5+ 55
0.0%

Summary: The Durant 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 decreased by 25%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2223+4.5%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Durant, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Durant in October 2024, up by 4.5% month-over-month. Of the 23 sold homes, 65% were sold under asking, 22% were sold at asking, and 13% were sold over asking.

Days on Market for Durant, OK

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

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days35 Days-13.0%

Summary: Homes in Durant had an average of 35 days on market in Oct 2024, down by 13% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Durant are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 23 homes were sold in Durant; 57% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 4% 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 16 Days Ago

Newest Listings in Durant, OK

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