Luther Housing Market Report December 2024•Oklahoma County, Oklahoma

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Housing Prices in Luther, OK

How much do homes in Luther, OK cost?

Housing Market Conditions

Is Luther, 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

Luther is a Seller's Market

Difference Since December 2023

Since last year, Luther has remained a Seller's Market.

Insight

Luther is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$280,000$198/SqFt
-$4,500
-1.6%

Based on all homes sold in the last 12 months

Insight

Homes in Luther have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Luther was $280,000 in December 2024, down 1.6% from last year, and the median price per square foot was $198.

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
Oklahoma City Northeast
+7.2%
Luther
-1.6%

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$280K$430K
+53.6%
2$259K$162K
-37.5%
3$274K$311K
+13.5%
4$326.7K$562K
+72.0%
5$1.6M$650.1K
-59.4%

Summary: Luther housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +53.6%. The home price for 2 bedroom homes decreased by -37.5%. The home price for 3 bedroom homes increased by +13.5%. The home price for 4 bedroom homes increased by +72.0%. The home price for 5 bedroom homes decreased by -59.4%.

Housing supply in Luther, OK

How many homes are available in Luther, 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
14Last MonthDec 2024
142 months agoNov 2024
0.0 %
Change MoMNov – Dec

Summary: The Luther real estate market had 14 homes for sale in Dec 2024, the same as 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
3Last MonthDec 2024
42 months agoNov 2024
-25.0 %
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
111
0.0%
222
0.0%
366
0.0%
455
0.0%
500
0.0%

Summary: Luther housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Luther, 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 Price0 Home

Insight

If you're buying a home in Luther, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Luther in December 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and and 33% were sold over asking.

Days on Market for Luther, OK

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

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Many homes in Luther are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in Luther; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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
28 DaysThis YearDec 2024
62 Days1 year agoDec 2023
-54.8 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Luther had an average listing age of 28 days in Dec 2024, down by 54.8% compared to the previous year.

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Newest Listings in Luther, OK

What homes are available in Luther, OK?

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Nearby markets

Popular Cities with Homes for Sale in Oklahoma

MLS Disclaimers and Copyright

Based on information from MLS of Oklahoma, and Heartland Multiple Listing Service Inc. 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: 1/31/2025, 11:59:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

Copyright 2025, Heartland Multiple Listing Service, Inc.

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, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Properties displayed may be listed or sold by various participants in the MLS. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 11:54:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.