$1,294 Closing Credit*
$109,000
2,631 SqFt
3 Beds
•2 Full Baths
Cheryle Griffith, Listing Office: RE/MAX ALL AMERICAN REALTY
Is New Cordell, 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, New Cordell was a Neutral Market.
Key Takeaway
New Cordell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Cordell, OK
How much do homes in New Cordell, OK cost?
Median Sold Price
$124,000
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,000(+45.9%)
Key Takeaway
Homes in New Cordell have sold for 45.9% more than they did a year ago.
Summary: The median home sold price in New Cordell was $124,000 in October 2024, up 45.9% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $12K | - | N/A |
| 2 Bedrooms | $70.5K | $45K | -36.2% |
| 3 Bedrooms | $85K | $126.5K | +48.8% |
| 4 Bedrooms | $199K | $292.5K | +47.0% |
| 5+ Bedrooms | - | $230K | N/A |
Summary: New Cordell 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 decreased by 36.2%, 3 bedroom homes increased by 48.8%, 4 bedroom homes increased by 47%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Cordell | $85K | $124K | +45.9% |
| Central Washita | $109.9K | $131.5K | +19.6% |
| Cordell | $109.9K | $130K | +18.2% |
Housing Supply in New Cordell, OK
How many homes are available in New Cordell, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 29 | +45.0% |
Summary: The New Cordell real estate market had 29 homes for sale in October 2024, a 45.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 10 | 16 | +60.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The New Cordell housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Cordell, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in New Cordell in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for New Cordell, OK
How long does it take to sell a home in New Cordell, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 53 Days | +32.5% |
Summary: Homes in New Cordell had an average of 53 days on market in Oct 2024, up by 32.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Cordell are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in New Cordell; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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