$7,719 Closing Credit*
$650,000
1,612 SqFt
3 Beds
•2 Full Baths
Kale Crocker, Listing Office: Great Plains Land Company LLC
Is Okemah, 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, Okemah was a Neutral Market.
Key Takeaway
Okemah is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Okemah, OK
How much do homes in Okemah, OK cost?
Median Sold Price
$140,000
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,000(-7.9%)
Key Takeaway
Homes in Okemah have sold for 7.9% less than they did a year ago.
Summary: The median home sold price in Okemah was $140,000 in October 2024, down 7.9% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $107.5K | $84.9K | -21.0% |
| 3 Bedrooms | $150K | $109K | -27.3% |
| 4 Bedrooms | $192.5K | $180K | -6.5% |
| 5+ Bedrooms | - | $140K | N/A |
Summary: Okemah 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 21%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes did not change.
Housing Supply in Okemah, OK
How many homes are available in Okemah, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 46 | +4.5% |
Summary: The Okemah real estate market had 46 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Okemah 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 9.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 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 Okemah, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Okemah in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Okemah, OK
How long does it take to sell a home in Okemah, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 25 Days | -49.6% |
Summary: Homes in Okemah had an average of 25 days on market in Oct 2024, down by 49.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Okemah are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Okemah; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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