$862,680
308.10 Acres
Land
Edward Davis, Austin Chesser, Listing Office: Pam Robinson Real Estate Inc
Is Okemah, 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, Okemah was a Seller's 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
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$18,250(-11.5%)
Key Takeaway
Homes in Okemah have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in Okemah was $140,000 in November 2024, down 11.5% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $110K | $83.2K | -24.4% |
| 3 Bedrooms | $150K | $109K | -27.3% |
| 4 Bedrooms | $196.2K | $170K | -13.4% |
| 5+ Bedrooms | $348K | $140K | -59.8% |
Summary: Okemah 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 decreased by 24.4%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes decreased by 59.8%.
Housing Supply in Okemah, OK
How many homes are available in Okemah, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
Summary: The Okemah real estate market had 40 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Okemah 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 11.1%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Okemah in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 122 Days | 26 Days | -78.7% |
Summary: Homes in Okemah had an average of 26 days on market in Nov 2024, down by 78.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 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 November 2024, 1 homes were sold in Okemah; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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