REAL-TIME MARKET NUMBERS

Broken Arrow, OK

Single-Family Homes

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Broken Arrow, OK

Thu Jun 08 2023
This week the median list price for Broken Arrow, OK is $406,135 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has held steady at or around 295. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Broken Arrow, OK

Thu Jun 08 2023
This week the median list price for Broken Arrow, OK is $406,135 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has held steady at or around 295. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Broken Arrow market.
Median List Price $406,135
Median Price of New Listings $285,000
Per Square Foot $172
Average Days on Market 91
Median Days on Market 56
Price Decreased 29%
Price Increased 10%
Relisted 9%
Inventory 295
Median Rent
Market Action 42
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$609,900 3,592 0.5 - 1 acre 4 4 2 3 3 70
$472,500 2,704 8,000 - 10,000 sqft 4 3 1 2 5 105
$364,900 2,144 8,000 - 10,000 sqft 3 2 1 8 15 63
$280,000 1,793 8,000 - 10,000 sqft 3 2 31 16 16 24