$1,899 Closing Credit*
$159,900
1,200 SqFt
3 Beds
•1 Full Bath, 1 Partial
Hannah Parris-Smith, Listing Office: Berkshire Hathaway-Benchmark
Is Prague, 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, Prague was a Seller's Market.
Key Takeaway
Prague is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Prague, OK
How much do homes in Prague, OK cost?
Median Sold Price
$177,500
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$30,500(-14.7%)
Key Takeaway
Homes in Prague have sold for 14.7% less than they did a year ago.
Summary: The median home sold price in Prague was $177,500 in October 2024, down 14.7% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $62.5K | $127.5K | +104.0% |
| 3 Bedrooms | $230K | $240K | +4.3% |
| 4 Bedrooms | $263.5K | $175K | -33.6% |
| 5+ Bedrooms | - | $487.5K | N/A |
Summary: Prague 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 increased by 104%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 33.6%, and 5+ bedroom homes did not change.
Housing Supply in Prague, OK
How many homes are available in Prague, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Prague real estate market had 27 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Prague 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 remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Prague, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Prague in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Prague, OK
How long does it take to sell a home in Prague, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 11 Days | -41.8% |
Summary: Homes in Prague had an average of 11 days on market in Oct 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prague are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Prague; 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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