Broken Bow Housing Market Report December 2024•McCurtain County, Oklahoma

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Housing Prices in Broken Bow, OK

How much do homes in Broken Bow, OK cost?

Housing Market Conditions

Is Broken Bow, OK a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Broken Bow is a Buyer's Market

Difference Since December 2023

At the same time last year, Broken Bow was a Seller's Market.

Insight

Broken Bow is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$565,000$325/SqFt
-$85,000
-13.1%

Based on all homes sold in the last 12 months

Insight

Homes in Broken Bow have sold for 13.1% less than they did a year ago.

Summary: The median home sold price in Broken Bow was $565,000 in December 2024, down 13.1% from last year, and the median price per square foot was $325.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
North McCurtain
-9.4%
Broken Bow
-13.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$540K$462.7K
-14.3%
4$848.5K$800K
-5.7%
5$1.1M$1.1M
+1.3%
2$640.5K$565K
-11.8%
3$675K$504.1K
-25.3%

Summary: Broken Bow housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -14.3%. The home price for 4 bedroom homes decreased by -5.7%. The home price for 5 bedroom homes increased by +1.3%. The home price for 2 bedroom homes decreased by -11.8%. The home price for 3 bedroom homes decreased by -25.3%.

Housing supply in Broken Bow, OK

How many homes are available in Broken Bow, OK?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
402Last MonthDec 2024
3832 months agoNov 2024
+5.0 %
Change MoMNov – Dec

Summary: The Broken Bow real estate market had 402 homes for sale in Dec 2024, a 5.0 % increase compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
16Last MonthDec 2024
202 months agoNov 2024
-20.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
17267
-6.9%
46870
+2.9%
54446
+4.5%
28997
+9.0%
3110122
+10.9%

Summary: Broken Bow housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -6.9%. The inventory for 4 bedroom homes increased by +2.9%. The inventory for 5 bedroom homes increased by +4.5%. The inventory for 2 bedroom homes increased by +9.0%. The inventory for 3 bedroom homes increased by +10.9%.

Asking Price vs. Sold Price

How much do homes in Broken Bow, OK cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price13 Homes

Insight

If you're buying a home in Broken Bow, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Broken Bow in December 2024, down by 20.0% month-over-month. Of the 16 sold homes, 81% were sold under asking, 13% were sold at asking, and and 6% were sold over asking.

Days on Market for Broken Bow, OK

How long does it take to sell a home in Broken Bow, OK?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days4 Homes

Over 90 Days7 Homes

Insight

Most homes in Broken Bow are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 16 homes were sold in Broken Bow; 31% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
90 DaysThis YearDec 2024
127 Days1 year agoDec 2023
-28.7 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Broken Bow had an average listing age of 90 days in Dec 2024, down by 28.7% compared to the previous year.

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Newest Listings in Broken Bow, OK

What homes are available in Broken Bow, OK?

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MLS Disclaimers and Copyright

Based on information from MLS of Oklahoma, North Texas Real Estate Information Systems Inc., MLS Technology Inc., Cooperative Arkansas REALTORS® MLS, and Western River Valley Board of REALTORS® MLS for the period 01/01/2023 - 01/01/2025

IDX Copyright© 2025 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 5:14:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX ©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 1/18/2025, 5:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater Tulsa Association of Realtors. Information deemed reliable but not guaranteed. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Greater Tulsa Association of REALTORS® MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 5:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2025 Cooperative Arkansas Realtors MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 5:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright Western River Valley Board of REALTORS® MLS. All rights reserved. Listing information provided in part by the Western River Valley BOR MLS for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. Information is deemed reliable but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 5:16:13 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.