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PANAMA, OK 74951

Real Estate Market Report  ·  LeFlore County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The PANAMA, OK real estate market (74951) currently shows 1 active listings. Homes are averaging 95 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 95 days on market compared to 50 days last year.

The median listing price has risen 49.5% year-over-year, from $159,900 to $239,000.

Whether you are buying or selling in PANAMA, OK, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,367  ·  Density: 117.7/mi²  ·  Median household income: $46,250

Typical home value: $123,217  ·  Homeownership: 60.5%

Market Overview

Active Listings
1
⇩ 66.7% vs 3 last year
Pending
0
0% pending ratio
Median Price
$239,000
⇧ 49.5% vs $159,900 last year
Average Price
$239,000
⇧ 7.9% vs $221,600 last year
Days on Market
95
⇧ 90% vs 50 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 3 last year
  • Days on market: 95 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $239,000 (+49.5% YoY)
  • Average: $239,000 (+7.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.4 miles — 403 listings ($133,515,498 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
74951Panama, OK 749510.0 mi1$239,000$239,000$239,000
74959Spiro, OK 749596.6 mi13$2,839,434$189,900$218,418
74956Shady Point, OK 749568.1 mi5$1,612,500$257,500$322,500
74902Pocola, OK 7490211.8 mi31$8,303,195$245,000$267,845
74901Arkoma, OK 7490115.4 mi4$585,332$136,250$146,333
74940Howe, OK 7494015.4 mi19$6,018,649$288,000$316,771
72908Fort Smith, AR 7290817.1 mi47$15,484,855$308,894$329,465
72901Fort Smith, AR 7290119.4 mi73$15,797,492$174,825$216,404
74944Mccurtain, OK 7494419.7 mi3$487,500$162,500$162,500
74948Muldrow, OK 7494820.9 mi39$35,870,172$350,500$919,748
74966Wister, OK 7496622.3 mi23$12,609,152$274,950$548,224
72904Fort Smith, AR 7290423.1 mi58$10,132,368$156,250$174,696
74955Sallisaw, OK 7495523.4 mi87$23,535,849$214,500$270,527

Frequently Asked Questions

How many homes are for sale in PANAMA, OK 74951?

As of March 2026, there are 1 active listings in PANAMA, OK (zip code 74951), compared to 3 the prior year.

What is the median home price in PANAMA, OK 74951?

The median listing price in PANAMA, OK 74951 is $239,000 as of March 2026, a 49.5% increase from $159,900 the prior year.

How long do homes stay on the market in PANAMA, OK?

Homes in PANAMA, OK 74951 spend an average of 95 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in PANAMA, OK 74951?

Based on current inventory and days-on-market data as of March 2026, PANAMA, OK 74951 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 95 days on market compared to 50 days last year.

How much can I save on real estate commission in PANAMA, OK?

With SELL123.com's maximum 3% commission, sellers in PANAMA, OK 74951 save an estimated $4,780 compared to a typical 5% commission on the median listing price of $239,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.