$2,136 Closing Credit*
$179,900
1,464 SqFt
3 Beds
•1 Full Bath, 1 Partial
Casey N. Trejo, Listing Office: Cultivate Real Estate
Is El Reno, 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, El Reno was a Seller's Market.
Key Takeaway
El Reno 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 El Reno, OK
How much do homes in El Reno, OK cost?
Median Sold Price
$190,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,250(+4.0%)
Key Takeaway
Homes in El Reno have sold for 4% more than they did a year ago.
Summary: The median home sold price in El Reno was $190,000 in October 2024, up 4% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | - | N/A |
| 2 Bedrooms | $117.4K | $133K | +13.2% |
| 3 Bedrooms | $175K | $184.9K | +5.7% |
| 4 Bedrooms | $235K | $239.9K | +2.1% |
| 5+ Bedrooms | $325.2K | $320K | -1.6% |
Summary: El Reno 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 increased by 13.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in El Reno, OK
How many homes are available in El Reno, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 134 | 133 | -0.7% |
Summary: The El Reno real estate market had 133 homes for sale in October 2024, a 0.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 74 | 76 | +2.7% |
| 4 Bedrooms | 41 | 35 | -14.6% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The El Reno 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 increased by 20%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 22 | -29.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 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. 40.9% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in El Reno in October 2024, down by 29.0% month-over-month. Of the 22 sold homes, 41% were sold under asking, 41% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 25 Days | +11.6% |
Summary: Homes in El Reno had an average of 25 days on market in Oct 2024, up by 11.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in El Reno are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in El Reno; 82% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 