$2,256 Closing Credit*
$190,000
1,398 SqFt
2 Beds
•2 Full Baths
Martha Vasquez, Listing Office: Whittington Realty LLC
Is El Reno, 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, El Reno was a Seller's Market.
Key Takeaway
El Reno is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in El Reno, OK
How much do homes in El Reno, OK cost?
Median Sold Price
$195,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,607(+3.5%)
Key Takeaway
Homes in El Reno have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in El Reno was $195,000 in November 2024, up 3.5% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | - | N/A |
| 2 Bedrooms | $120K | $129.9K | +8.3% |
| 3 Bedrooms | $182.5K | $188.3K | +3.2% |
| 4 Bedrooms | $252.7K | $251K | -0.7% |
| 5+ Bedrooms | $331.2K | $306.9K | -7.3% |
Summary: El Reno 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 increased by 8.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 7.3%.
Housing Supply in El Reno, OK
How many homes are available in El Reno, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 119 | 115 | -3.4% |
Summary: The El Reno real estate market had 115 homes for sale in November 2024, a 3.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 71 | 67 | -5.6% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The El Reno 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 increased by 9.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 14 | -44.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in El Reno, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in El Reno in November 2024, down by 44.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for El Reno, OK
How long does it take to sell a home in El Reno, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 34 Days | -31.9% |
Summary: Homes in El Reno had an average of 34 days on market in Nov 2024, down by 31.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in El Reno are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in El Reno; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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