$2,642 Closing Credit*
$222,455
1,470 SqFt
4 Beds
•2 Full Baths
Brett Creager, Listing Office: Copper Creek Real Estate
Is Tecumseh, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Tecumseh has remained a Seller's Market.
Key Takeaway
Tecumseh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tecumseh, OK
How much do homes in Tecumseh, OK cost?
Median Sold Price
$161,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$750(-0.5%)
Key Takeaway
The sold price of homes in Tecumseh has remained the same since last year.
Summary: The median home sold price in Tecumseh was $161,000 in October 2024, down 0.5% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $83K | N/A |
| 2 Bedrooms | $93.7K | $105K | +12.0% |
| 3 Bedrooms | $137K | $155K | +13.1% |
| 4 Bedrooms | $310K | $225K | -27.4% |
| 5+ Bedrooms | $380K | $465K | +22.4% |
Summary: Tecumseh 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 12%, 3 bedroom homes increased by 13.1%, 4 bedroom homes decreased by 27.4%, and 5+ bedroom homes increased by 22.4%.
Median Sold Price Compared To Nearby Cities
| Shawnee | $185.9K | $199.3K | +7.2% |
| Bethel Acres | $269K | $281.5K | +4.6% |
| Tecumseh | $161.7K | $161K | -0.5% |
Housing Supply in Tecumseh, OK
How many homes are available in Tecumseh, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 52 | -10.3% |
Summary: The Tecumseh real estate market had 52 homes for sale in October 2024, a 10.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 36 | 30 | -16.7% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Tecumseh 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 decreased by 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tecumseh, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Tecumseh in October 2024, down by 7.7% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% were sold over asking.
Days on Market for Tecumseh, OK
How long does it take to sell a home in Tecumseh, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 44 Days | +82.8% |
Summary: Homes in Tecumseh had an average of 44 days on market in Oct 2024, up by 82.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tecumseh are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Tecumseh; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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