$2,968 Closing Credit*
$249,900
1,430 SqFt
3 Beds
•2 Full Baths
Jessica Wolf, Listing Office: Black Crown Realty
Is Luther, 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, Luther was a Buyer's Market.
Key Takeaway
Luther is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Luther, OK
How much do homes in Luther, OK cost?
Median Sold Price
$275,000
$181/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Luther has remained the same since last year.
Summary: The median home sold price in Luther was $275,000 in November 2024, the same as last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $320K | +14.3% |
| 2 Bedrooms | $210K | $166.5K | -20.7% |
| 3 Bedrooms | $259.9K | $357.7K | +37.6% |
| 4 Bedrooms | $505K | $425K | -15.8% |
| 5+ Bedrooms | $1.6M | $650.1K | -59.4% |
Summary: Luther housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 20.7%, 3 bedroom homes increased by 37.6%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 59.4%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Northeast | $455.4K | $479.9K | +5.4% |
| Luther | $275K | $275K | 0.0% |
Housing Supply in Luther, OK
How many homes are available in Luther, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Summary: The Luther real estate market had 16 homes for sale in November 2024, a 23.8% decrease 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 | 5 | 2 | -60.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Luther 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 decreased by 60%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
2 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 Luther, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Luther in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Luther, OK
How long does it take to sell a home in Luther, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 70 Days | +27.9% |
Summary: Homes in Luther had an average of 70 days on market in Nov 2024, up by 27.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Luther are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Luther; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.