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Featured local agent — Luther, OK
Sarah Mitchell
Compass Real Estate · Luther, OK
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Luther, OK Housing Market & Real Estate
Housing market overview · Updated monthly ·
$203,500median sale price
How is the Luther, OK housing market right now?
The median home sale price in Luther, OK is $203,500, up 21.9% year-over-year. Homes sell in an average of 33 days with 4 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Luther a buyer's or seller's market?
Luther, OK is currently a seller's market, based on 2.0 months of supply and homes selling in about 33 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
33
Average pace
Active listings
4
2.0 months supply
Sale-to-list
96.7%
Below asking
What does the Luther housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $203,500 |
| Median list price | $299,000 |
| Year-over-year price change | +21.9% |
| Average days on market | 33 days |
| Active inventory | 4 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 96.7% |
| Median price per sq ft | $142/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 3 |
| Listings with a price cut | 100.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Luther by property type?
How the Luther, OK market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $203,500 | $142/sq ft | 2 | 33 days |
Source: Redfin · Updated monthly
The Luther housing market is currently classified as a seller's market with a median sale price of $203,500. Prices have risen 21.9% compared to last year, with homes spending an average of 33 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.0x provides context for how home values compare to local earning capacity.
Homes for sale in Luther
There are currently 4 homes listed for sale in Luther, Oklahoma. The median listing price is $299K.
Active listings
4
Homes on market
Median list price
$299K
Avg. days on market
33
Days until sale
New this week
3
Newly listed
Who lives in Luther?
Population
1,443
Median income
$57,500/yr
Median age
39.1 years
Owner-occupied
89.9%
College grads
37.4%
Avg commute
24.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Luther?
Zillow home value
$287,323
Price-to-income
5.0x
Source: Zillow Research
What is it like to live in Luther?
Luther is a community of approximately 1K residents with a median age of 39.1 years.The median household income is $57,500, which represents a working-class community with solid middle-income opportunities. 37.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 89.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Luther offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Luther?
3 schools tracked · 835 students
The largest public schools serving Luther, OK by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LUTHER ES
Grades PK-4 · 359 students
LUTHER HS
Grades 9-12 · 245 students
LUTHER MS
Grades 5-8 · 231 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Luther, OK?
Want a head-to-head view? Compare Luther side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Luther?
The median home sale price in Luther is $203,500, up 21.9% from last year.
How long do homes stay on market in Luther?
Homes typically spend 33 days on market before going under contract.
What is the median income in Luther?
The median household income is $57,500 per year.
Is Luther a buyer's or seller's market?
With 2.0 months of supply, Luther is currently a seller's market.
What is the Zillow home value estimate for Luther?
The Zillow Home Value Index (ZHVI) for Luther is $287,323, representing the typical home value in the area.
How much does a single-family home cost in Luther?
The median single-family home price in Luther, OK is $203,500 (about $142 per square foot).
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