Panama, OK Foreclosures
How much do homes sell for in Panama, OK?
The average home price is currently $102,059.
In Panama, OK, how many homes are available?
There are currently 44 active home listings available in Panama.
What’s the average rental cost in Panama, OK?
The average rental price in Panama is $900.
What is the most expensive home in Panama?
The most expensive home sold in Panama had a price of $641,105.
What is currently the cheapest priced home in Panama, OK?
The cheapest home for sale in Panama is priced at $8,090.
Living in Panama, OK
Panama, OK is a quaint community characterized by its friendly atmosphere and rural charm. With local amenities and nearby outdoor activities, residents enjoy a slower pace of life. The town offers a blend of tranquility and accessibility to larger urban areas like Fort Smith, making it an appealing location for families and retirees alike.
Current Market Conditions in Panama, OK
The real estate market in Panama, Oklahoma, has been stable over the past year, with consistent demand for single-family homes. The area attracts homebuyers interested in affordable housing options and a community-oriented lifestyle, which has led to a gradual increase in property values. It's currently a seller's market, with homes often selling quickly due to limited inventory.
Home values have generally ranged from $80,000 to $200,000, making it affordable for first-time buyers and retirees. The area has also seen some new developments, indicating potential growth and further interest in the real estate sector.
Home Value Estimator For Panama, OK
There are currently 221 real estate properties
in Panama, OK,
with a median automated valuation model (AVM) price
of $79,944.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Panama, OK, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Panama, OK,
is $102,059.00, with the most expensive house
in Panama, OK, topping out
at $641,105.00 and the cheapest home
in Panama, OK,
clocking in at $8,090.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Panama, OK!
Rent Prices
In Panama, OK
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Panama, OK, is on
a rollercoaster ride. The
average rent price in Panama, OK,
is $900.00. Indeed, when looking to rent in
Panama, OK, you can expect to pay as little
as $500.00 or as much
as $1,940.00,
with the average rent median estimated to
be $870.00. The good news is that finding
an affordable and desirable property to rent in Panama, OK
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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