REAL-TIME MARKET NUMBERS

Broken Arrow, OK

Single-Family Homes

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Broken Arrow, OK

Wed Feb 21 2024
This week the median list price for Broken Arrow, OK is $383,990 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has held steady at or around 385. Click here to stay informed with the Broken Arrow 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Broken Arrow, OK

Wed Feb 21 2024
This week the median list price for Broken Arrow, OK is $383,990 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has held steady at or around 385. Click here to stay informed with the Broken Arrow 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Broken Arrow market.
Median List Price $383,990
Median Price of New Listings $304,999
Per Square Foot $173
Average Days on Market 120
Median Days on Market 70
Price Decreased 29%
Price Increased 8%
Relisted 13%
Inventory 385
Median Rent
Market Action 35
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$561,450 3,207 0.25 - 0.5 acre 4 4 2 5 4 129
$429,000 2,407 8,000 - 10,000 sqft 4 3 1 8 4 91
$344,950 1,971 8,000 - 10,000 sqft 3 2 2 10 15 59
$255,000 1,560 8,000 - 10,000 sqft 3 2 32 23 26 28