Elk City Housing Market Report February 2025•Beckham County, Oklahoma

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Housing Prices in Elk City, OK

How much do homes in Elk City, OK cost?

Housing Market Conditions

Is Elk City, 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

Elk City is a Buyer's Market

Difference Since February 2024

Since last year, Elk City has remained a Buyer's Market.

Insight

Elk City 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.
$165,000$108/SqFt
-$10,000
-5.7%

Based on all homes sold in the last 12 months

Insight

Homes in Elk City have sold for 5.7% less than they did a year ago.

Summary: The median home sold price in Elk City was $165,000 in February 2025, down 5.7% from last year, and the median price per square foot was $108.

Median Sold Price By Cities

Median Sold Price By Cities
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
Sayre
+7.6%
Elk City
-5.7%

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.
BedsFeb 2024Feb 2025Change YoY
1$32.2K$31.7K
-1.6%
2$67K$83K
+23.9%
3$160K$170K
+6.3%
4$315K$232.5K
-26.2%
5$400K$620K
+55.0%

Summary: Elk City housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -1.6%. The home price for 2 bedroom homes increased by +23.9%. The home price for 3 bedroom homes increased by +6.3%. The home price for 4 bedroom homes decreased by -26.2%. The home price for 5 bedroom homes increased by +55.0%.

Housing supply in Elk City, OK

How many homes are available in Elk City, 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
96Last MonthFeb 2025
902 months agoJan 2025
+6.7 %
Change MoMJan – Feb

Summary: The Elk City real estate market had 96 homes for sale in Feb 2025, a 6.7 % increase compared to Jan 2025.

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
13Last MonthFeb 2025
82 months agoJan 2025
+62.5 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
122
0.0%
21516
+6.7%
34749
+4.3%
42123
+9.5%
556
+20.0%

Summary: Elk City housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +6.7%. The inventory for 3 bedroom homes increased by +4.3%. The inventory for 4 bedroom homes increased by +9.5%. The inventory for 5 bedroom homes increased by +20.0%.

Asking Price vs. Sold Price

How much do homes in Elk City, 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 Price1 Home

Under Asking Price11 Homes

Insight

If you're buying a home in Elk City, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Elk City in February 2025, up by 62.5% month-over-month. Of the 13 sold homes, 85% were sold under asking, 8% were sold at asking, and and 8% were sold over asking.

Days on Market for Elk City, OK

How long does it take to sell a home in Elk City, OK?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days6 Homes

Over 90 Days5 Homes

Insight

Avg time on Rocket Homes in Elk City has remained consistent over time.

Summary: During February 2025, 13 homes were sold in Elk City; 15% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 38% 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
104 DaysThis YearFeb 2025
26 Days1 year agoFeb 2024
+302.7 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Elk City had an average listing age of 104 days in Feb 2025, up by 302.7% compared to the previous year.

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Newest Listings in Elk City, OK

What homes are available in Elk City, OK?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from MLS of Oklahoma, for the period 03/01/2023 - 03/01/2025

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: 3/8/2025, 11:59:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.