Erhardt Group's Market Report

Washington, OK 73093

Single-Family Homes

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



Washington, OK 73093

Tue Jul 05 2022
This week the median list price for Washington, OK 73093 is $419,000 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has increased to 5. Click here to stay informed with the Washington market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Washington, OK 73093

Tue Jul 05 2022
This week the median list price for Washington, OK 73093 is $419,000 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has increased to 5. Click here to stay informed with the Washington market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Washington market.
Median List Price $419,000
Median Price of New Listings $165,000
Per Square Foot $131
Average Days on Market 50
Median Days on Market 21
Price Decreased 40%
Price Increased 20%
Relisted 20%
Inventory 5
Median Rent
Market Action 44
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$624,999 1,792 5 - 10 acres 1 2 11 0 0 21
$455,000 2,308 1 - 2.5 acres 3 2 0 0 0 63
$419,000 3,236 5 - 10 acres 4 3.5 57 0 0 147
$200,000 1,938 1 - 2.5 acres 3 2 38 1 1 10