$315,000
45.48 Acres
Land
Jenifer Stevenson, Listing Office: Berkshire Hathaway-Benchmark
Is Tecumseh, 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, Tecumseh was a Seller's Market.
Key Takeaway
Tecumseh is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tecumseh, OK
How much do homes in Tecumseh, OK cost?
Median Sold Price
$172,500
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+9.5%)
Key Takeaway
Homes in Tecumseh have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Tecumseh was $172,500 in November 2024, up 9.5% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $83K | N/A |
| 2 Bedrooms | $93.7K | $117K | +24.8% |
| 3 Bedrooms | $129.3K | $158K | +22.1% |
| 4 Bedrooms | $264.9K | $221.5K | -16.4% |
| 5+ Bedrooms | $229K | $400K | +74.7% |
Summary: Tecumseh 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 increased by 24.8%, 3 bedroom homes increased by 22.1%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes increased by 74.7%.
Median Sold Price Compared To Nearby Cities
| Tecumseh | $157.5K | $172.5K | +9.5% |
| Shawnee | $199.6K | $204.8K | +2.6% |
Housing Supply in Tecumseh, OK
How many homes are available in Tecumseh, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 43 | -15.7% |
Summary: The Tecumseh real estate market had 43 homes for sale in November 2024, a 15.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 28 | 25 | -10.7% |
| 4 Bedrooms | 12 | 8 | -33.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Tecumseh housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 4 | -69.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tecumseh, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Tecumseh in November 2024, down by 69.2% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 59 Days | +40.7% |
Summary: Homes in Tecumseh had an average of 59 days on market in Nov 2024, up by 40.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tecumseh has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Tecumseh; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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