Is Blanchard, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Blanchard has remained a Seller's Market.
Key Takeaway
Blanchard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blanchard, OK
How much do homes in Blanchard, OK cost?
Median Sold Price
$333,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Blanchard have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Blanchard was $333,000 in May 2024, up 6.4% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $152K | -36.0% |
| 2 Bedrooms | $125K | $135K | +8.0% |
| 3 Bedrooms | $287.5K | $282.9K | -1.6% |
| 4 Bedrooms | $360.4K | $366K | +1.5% |
| 5+ Bedrooms | $459.9K | $494.4K | +7.5% |
Summary: Blanchard housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Blanchard | $313K | $333K | +6.4% |
| Newcastle-Blanchard | $281.2K | $297K | +5.6% |
| Blanchard | $309.4K | $324.9K | +5.0% |
| Newcastle | $280K | $279.7K | -0.1% |
Housing Supply in Blanchard, OK
How many homes are available in Blanchard, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 159 | 156 | -1.9% |
Summary: The Blanchard real estate market had 156 homes for sale in May 2024, a 1.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 87 | 86 | -1.1% |
| 4 Bedrooms | 54 | 53 | -1.9% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Blanchard 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 1.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 28 | -12.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blanchard, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Blanchard in May 2024, down by 12.5% month-over-month. Of the 28 sold homes, 39% were sold under asking, 25% were sold at asking, and 36% were sold over asking.
Days on Market for Blanchard, OK
How long does it take to sell a home in Blanchard, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 67 Days | +79.5% |
Summary: Homes in Blanchard had an average of 67 days on market in May 2024, up by 79.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blanchard are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 28 homes were sold in Blanchard; 50% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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