Erhardt Group's Market Report

Blanchard, OK 73010

Single-Family Homes

Erhardt Group LLC | homes@erhardtgroup.com | 405-309-7477



Blanchard, OK 73010

Tue Jul 05 2022
This week the median list price for Blanchard, OK 73010 is $385,000 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 73. Click here to stay informed with the Blanchard market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Blanchard, OK 73010

Tue Jul 05 2022
This week the median list price for Blanchard, OK 73010 is $385,000 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 73. Click here to stay informed with the Blanchard market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Blanchard market.
Median List Price $385,000
Median Price of New Listings $361,500
Per Square Foot $180
Average Days on Market 41
Median Days on Market 28
Price Decreased 16%
Price Increased 7%
Relisted 7%
Inventory 73
Median Rent
Market Action 51
Strong Seller's Market

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$624,900 3,121 0.5 - 1 acre 5 3 0 1 3 42
$425,527 2,250 1 - 2.5 acres 4 2.3 0 7 1 28
$351,950 1,895 1 - 2.5 acres 3 2 0 10 5 3
$210,000 1,507 1 - 2.5 acres 3 2 26 10 2 0