Is Choctaw County, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Choctaw County was a Neutral Market.
Key Takeaway
Choctaw County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Choctaw County, OK
How much do homes in Choctaw County, OK cost?
Median Sold Price
$142,500
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Choctaw County have sold for 20.2% less than they did a year ago.
Summary: The median home sold price in Choctaw County was $142,500 in May 2024, down 20.2% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $242.2K | +130.7% |
| 2 Bedrooms | $210K | $147.5K | -29.8% |
| 3 Bedrooms | $171.7K | $149K | -13.2% |
| 4 Bedrooms | $190K | $85K | -55.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Choctaw County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 130.7%, 2 bedroom homes decreased by 29.8%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 55.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Bryan County | $240K | $250.3K | +4.3% |
| Choctaw County | $178.5K | $142.5K | -20.2% |
Housing Supply in Choctaw County, OK
How many homes are available in Choctaw County, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 39 | -4.9% |
Summary: The Choctaw County real estate market had 39 homes for sale in May 2024, a 4.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 28 | 26 | -7.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Choctaw County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Choctaw County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Choctaw County in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Choctaw County, OK
How long does it take to sell a home in Choctaw County, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 111 Days | 50 Days | -54.7% |
Summary: Homes in Choctaw County had an average of 50 days on market in May 2024, down by 54.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Choctaw County has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Choctaw County; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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