$1,186 Closing Credit*
$99,900
1,178 SqFt
3 Beds
•2 Full Baths
Dana Cramer, Listing Office: C21/First Choice Realty
Is Payne County, 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, Payne County was a Neutral Market.
Key Takeaway
Payne County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Payne County, OK
How much do homes in Payne County, OK cost?
Median Sold Price
$215,126
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$176(+0.1%)
Key Takeaway
The sold price of homes in Payne County has remained the same since last year.
Summary: The median home sold price in Payne County was $215,126 in November 2024, up 0.1% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.7K | $102.4K | +63.3% |
| 2 Bedrooms | $110.4K | $118.5K | +7.3% |
| 3 Bedrooms | $204.9K | $205.5K | 0.3% |
| 4 Bedrooms | $264.6K | $241.5K | -8.7% |
| 5+ Bedrooms | $256.9K | $399.5K | +55.5% |
Summary: Payne County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.3%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 55.5%.
Median Sold Price Compared To Nearby Counties
| Pawnee County | $160K | $173K | +8.1% |
| Lincoln County | $168.7K | $180K | +6.7% |
| Payne County | $214.9K | $215.1K | 0.1% |
| Logan County | $259.1K | $254.5K | -1.8% |
Housing Supply in Payne County, OK
How many homes are available in Payne County, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 125 | 128 | +2.4% |
Summary: The Payne County real estate market had 128 homes for sale in November 2024, a 2.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 21 | 23 | +9.5% |
| 3 Bedrooms | 70 | 70 | 0.0% |
| 4 Bedrooms | 24 | 23 | -4.2% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Payne County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 16 | -40.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Payne County, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Payne County in November 2024, down by 40.7% month-over-month. Of the 16 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Payne County, OK
How long does it take to sell a home in Payne County, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 43 Days | -5.6% |
Summary: Homes in Payne County had an average of 43 days on market in Nov 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Payne County has remained consistent over time.
Summary: During November 2024, 16 homes were sold in Payne County; 44% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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