Comparative Market Analysis | 1128 N Broadway Ave, Shawnee OK
NextHome Central Real Estate Jason Phillips ยท 405-615-2035 ยท jason@nexthomecre.com
Comparative Market Analysis

1128 N Broadway Avenue

Shawnee, Oklahoma 74801  ยท  North Park Addition

$274,900 List Price
2,108 Sq Ft (Appraised)
3 / 3 Bed / Bath
1952 Year Built
$130 Price Per Sq Ft
๐Ÿก
Traditional / Two-Story
Style
๐Ÿš—
2-Car Detached + Workshop
Garage
๐Ÿชต
Hardwood Throughout
Flooring
๐Ÿ›๏ธ
Historic Broadway Corridor
Location
๐Ÿ“
7,148 Sq Ft ยท 0.164 Ac
Lot
๐Ÿ”ฅ
Central Gas / Central Elec
HVAC

A Historic Broadway Beauty, Fully Realized

Sitting on one of Shawnee's most distinguished streets, 1128 N Broadway is the rare 2,100+ sq ft historic home that doesn't ask buyers to compromise. It has been updated with genuine intention โ€” wood floors throughout, rich crown molding, accent lighting, and thoughtful built-ins โ€” while preserving every ounce of the original character that makes Broadway addresses special.

The master suite is on the main level with a walk-in closet and attached en-suite bath. A second bedroom and full bath round out the first floor, with a third bedroom and attached bath upstairs โ€” a layout that provides privacy and flexibility. The kitchen features granite counters and a charming built-in breakfast nook. The private backyard garden courtyard is a true differentiator โ€” exactly the outdoor retreat that buyers at this price point are seeking.

The 2-car detached garage plus workshop/storage gives this property utility depth well beyond what most in-town historic homes offer. Rewired electrical, composition roof inspected at listing, and double-pane windows round out the mechanical confidence story.

Property Highlights
Hardwood floors throughout โ€” a premium feature increasingly hard to find in this market segment
3 full bathrooms โ€” main-level master suite + en-suite + upstairs bath โ€” rare for the era and price point
Crown molding, built-ins, accent lighting โ€” elevated finishes that justify premium pricing over comparable SqFt
Private garden courtyard โ€” a lifestyle amenity that photographs beautifully and sells emotionally
2-car garage + workshop โ€” detached storage utility adds practical appeal for buyers with hobbies or tools
Historic N Broadway location โ€” address recognition and street curb appeal create buyer pre-disposition before they walk in
Shawnee ISD schools โ€” Jefferson ES ยท Shawnee MS ยท Shawnee HS

Where We Are in the Market

Conservative Floor
$267,000
Minimum target โ€” protects against appraisal gap risk while still reflecting significant premium over median market
$126.65 / sq ft
Target Close Range
$267โ€“$275K
Realistic close band based on comp analysis and current Shawnee market absorption. Above-median outcome supported by home's unique attributes.
$126โ€“$130 / sq ft
Why $274,900 is defensible: The median Shawnee sold price (Apr 2025) was $212,656 at ~$131/sqft. This home's 2,108 sqft, 3-bath configuration, hardwood floors, granite kitchen, courtyard, and garage-plus-workshop differentiate it meaningfully from the median. The $130/sqft ask is in line with market average price-per-foot while reflecting a superior product. The comparable sale at 1121 N Broadway (3/2, 1,470 sqft) closed at $196K in Dec 2023 โ€” this home offers 638 more sqft, an additional full bath, and materially better finishes. That spread alone supports a $60โ€“75K premium.

The Competition & Context

Address Type Beds/Baths SqFt Year Built Close/List Price $/SqFt DOM Notes
1128 N Broadway Ave Subject 3 / 3.0 2,108 1952 $274,900 $130.41 โ€” Hardwood, granite, courtyard, garage + workshop
1121 N Broadway Ave Sold 3 / 2.0 1,470 1952 $196,000 $133.33 ~30 Same street, same era โ€” 638 sqft smaller, 1 fewer bath. Subject warrants $60โ€“75K premium.
1104 N Beard Ave Active 4 / 2.0 2,570 โ€” $250,000 $97.28 10+ More sqft, 1 less bath. Lower $/sqft reflects lesser finishes. Subject's finish quality justifies $130/sqft ask.
1816 N Elm St Sold 3 / 2.0 1,821 โ€” $265,000 $145.52 โ€” Similar bed/bath, smaller footprint, sold at $145/sqft โ€” supports subject's $130/sqft ask as conservative.
2 Bingham Cir Sold 3 / 3.0 2,301 โ€” $210,000 $91.27 โ€” 3-bath match, but suburban location. Historic Broadway address commands meaningful premium vs. non-corridor homes.
1128 N Broadway (Purchase 2020) History 3 / 3.0 2,108 1952 $199,900 $94.83 23 Sellers' purchase price. ~$75K appreciation in ~5.5 years reflects both market growth and property improvements.
Comp note: Shawnee's historic Broadway corridor commands a location premium not fully captured in citywide averages. The immediate comp at 1121 N Broadway closed at $133/sqft โ€” higher than the subject's ask on a per-foot basis โ€” yet the subject has more square footage, a third full bath, and superior finishes. The $130/sqft list price is supported across the comp set and is not an aggressive outlier.

Shawnee Market Snapshot ยท Spring 2026

$212,656
Median Sold Price (Apr 2025) โ€” subject priced well above market median, justified by size and finish
$131
Market Median $/SqFt โ€” subject's $130/sqft ask is in line with market average despite superior product quality
+3.2%
Year-over-year price growth โ€” Shawnee remains a seller's market with sustained upward pricing pressure
67
Median Days on Market (74804 zip, Apr 2026) โ€” pricing correctly from Day 1 is critical to avoid extended DOM
Market positioning summary: Shawnee remains a seller's market with prices up ~3.2% year-over-year through April 2025. The 74801 zip code (where this property sits) tends to price lower than 74804 โ€” but historic Broadway is the corridor exception. Days on market of ~67 days signals that overpriced properties are sitting; this home must be priced to generate first-week interest. At $274,900, we're positioned at the top of what the market will absorb โ€” any higher risks extended DOM and price reductions that ultimately net less. Any lower undersells a demonstrably superior product.

What You Walk Away With

Sales Price $274,900.00
Remaining Balance โ€“ $172,352.11
Settlement Service Fee โ€“ $135.00
Closing Fee โ€“ $200.00
Abstracting โ€“ $575.00
Doc Stamp โ€“ $412.50
Interest (prorated) โ€“ $832.25
Buyer Broker Fee (3%) โ€“ $8,247.00
Seller Broker Fee (3%) โ€“ $8,247.00
Prorated Taxes Owed โ€“ $1,614.95
Estimated Net at Close $82,284.19
Estimated closing date: 06/30/2026. Title fees provided by Chicago Title Oklahoma. This estimate is for informational purposes only. Actual amounts will vary. Broker commissions are not set by law and are fully negotiable.
Net at Close $82,284
Net at Close $82,284
Loan Payoff $172,352
Closing Costs $18,649
Prorated Taxes $1,615

Low-Cost Curb Appeal Wins

The home photographs well and has strong bones from the street. A few targeted improvements will sharpen first impressions and remove buyer hesitation before they ever walk inside.

๐ŸŒฟ
Edge & Define the Mulch Bed
~$15โ€“$30

The front iris/plant bed is well-placed but the edges are soft and undefined. A manual edger or half-moon spade run along the border creates a sharp, intentional look. Fresh black mulch (1โ€“2 bags) deepens the contrast and makes plantings pop in listing photos.

๐ŸŒฑ
Patch & Overseed the Bare Lawn Areas
~$20โ€“$40

The front yard has visible bare/thin spots โ€” particularly in front of the walkway. A bag of Bermuda or tall fescue patch seed with topsoil, watered in over 2โ€“3 weeks before listing, can fill the most visible gaps. Won't be perfect but removes the "deferred" visual cue buyers pick up immediately.

๐Ÿงน
Clean & Straighten the Porch Walkway
$0โ€“$10

The wooden walkway boards at the front appear weathered and slightly offset. Pull them flush, add a few screws if needed, and hit with a pressure washer or deck cleaner. The covered front porch is a major selling feature โ€” the approach to it needs to match the quality of what it leads to.

๐ŸŽจ
Touch Up Porch & Trim Paint
~$20โ€“$50

The yellow exterior is charming and distinctive โ€” don't change it. But any chipped or faded trim or porch column paint should be touched up. Even a small area of peeling paint reads "deferred maintenance" in buyer brains and listing photos. A quart of matching trim paint resolves this.

๐ŸŒธ
Add 2โ€“3 Color Pop Planters
~$30โ€“$60

The front porch is dark and inviting but currently reads as neutral. Two matching ceramic or terracotta planters flanking the front door โ€” with seasonal color like wave petunias or marigolds โ€” creates warmth in listing photos and signals the home is loved. Buyers notice this before they notice anything else.

๐Ÿฎ
Lamp Post: Paint or Replace Bulb
~$10โ€“$30

The decorative lamp post is a period-appropriate feature that adds character โ€” but it needs to be in working order and look intentional. Confirm it lights at dusk (buyers often drive by at night before scheduling showings). If weathered, a can of oil-rubbed bronze or matte black spray paint refreshes it completely in an hour.

Total estimated investment: $95โ€“$230. These are the highest-ROI improvements available before listing. Professional photography on a home with clean curb presence converts to faster, stronger offers โ€” the $130/sqft ask requires the presentation to match.
JP
Jason Phillips
Broker / Owner
NextHome Central Real Estate ยท OK Broker License #159833
Phone: 405-615-2035
Email: jason@nexthomecre.com
Brokerage: 405-225-0151
Each office is independently owned and operated.