Here's the honest answer up front: Colcord is a small market, and most of the homes that sold this past year were modest houses on a few acres, at prices well below what you'll pay across the line in Siloam Springs.
Small markets come with a catch, though: with only about two dozen sales a year, the numbers can swing. So below you'll get the real figures from both the Oklahoma and Arkansas MLSs, a plain explanation of what they can and can't tell you, and what we think it means if you're buying or selling.
The Numbers, in Plain English
First, where these numbers come from. Colcord sits close to the Arkansas line, so home sales here get recorded in the Oklahoma MLS (Greater Tulsa), the Arkansas MLS (Northwest Arkansas Board of REALTORS®), or both. Of the 24 Colcord-address houses that sold in the last 12 months, 6 were recorded only in the Oklahoma MLS, 11 only in the Arkansas MLS, and 7 in both. Either MLS’s sales data on its own would undercount Colcord, so for these numbers we combined the two and counted each home once. In a market this small, every sale matters for an accurate picture.
And a word on sample size. Twenty-four sales is enough to describe what sold, but not enough for precise percentages. One sale more or less can nudge the median, so read the trends loosely.
Prices: what actually sold. The median house sold for $230,650 over the last 12 months, and 20 of the 24 sales were at $282,000 or less. The typical home was about 1,384 square feet on 2.25 acres, and the median price per square foot was $152. Four of the 24 sold for more than $300,000, and those few larger sales pulled the average up to $254,029. Most of what changed hands was a modest house with some room around it.
More homes sold than the year before. Sales were up about 14%, from 21 to 24. If you see a lower median than last year somewhere, here’s why: the year before included more higher-priced homes on larger acreage, and the typical home that sold was about 2,043 square feet on 8 acres. This year’s sales were mostly smaller homes on a couple of acres. Different homes sold, so the median moved. That doesn’t mean the same house lost value. For a steadier read, Zillow’s modeled typical home value for ZIP 74338 is up about 7.7% year over year.
Speed: about 3–4 weeks, close to asking. Homes that sold typically spent about three to four weeks on the market and closed at 98.0% of list price overall. The typical sale closed within half a percent of its list price.
Inventory: balanced to slightly buyer-leaning. In early October there were 11 houses for sale and 3 pending. At the past year’s pace, that’s about 5.5 months of supply, just under the roughly six-month line where buyers start to have more say. With numbers this small, we’d call it balanced to slightly buyer-leaning, not a firm label.
Big acreage is its own market. None of the Colcord-address homes that sold in the last 12 months sat on more than 10 acres. Meanwhile, 5 of the 11 homes for sale right now sit on more than 10 acres. That’s not a sign anything is wrong with those homes, or that buyers don’t want land. It just means there are few recent sales to compare them with. Pricing a home on real acreage then comes down to local judgment: older sales, what land is going for per acre, and what buyers in this area value. That’s when working with someone who knows the area pays off.
All figures above: Greater Tulsa MLS and Northwest Arkansas Board of REALTORS® MLS data, houses with a Colcord address, duplicates removed. Last 12 months = Oct 3, 2025–Oct 3, 2026.
How it compares next door. Over its own last 12 months, the median single-family sale in the city of Siloam Springs was $289,118 (NWA MLS, pulled Sep 28, 2026), roughly $58,000 more than Colcord’s median. The time windows differ slightly and the kinds of property are very different, so take it as a rough gauge. Our Siloam Springs market update has the full picture there.
Land and Acreage
There’s more land changing hands than you might think. Eighteen land tracts with a Colcord address sold in the last 12 months across both MLSs. The median tract was 10 acres and sold for $115,000, or about $7,000 an acre (the median of each sale’s price per acre), at about 93% of list price overall. Land prices vary a lot with size, access and use, so treat the per-acre figure as a rough guide.
In early October there were 13 land listings with a Colcord address, from small lots to large acreage tracts. That’s roughly 8 to 9 months of supply at the past year’s pace, so land buyers have some choices and some room to be patient.
One more thing for land buyers right now: the National Weather Service’s Sep 10 drought statement put Delaware County in extreme drought, with burn bans in place. If a property depends on a well, a pond or pasture, ask good questions about water. Our guide to buying rural property in Northeast Oklahoma walks through water, access and surveys.
Why Folks Look at Colcord
Location, mostly. Colcord sits on State Highway 116 in southern Delaware County. It’s about 25 minutes to downtown Siloam Springs, about 45 minutes to XNA, and about an hour to Bentonville, Springdale or Tahlequah (OpenStreetMap routing, no traffic). Siloam Springs is growing about 3.5% a year, according to KUAF, and Colcord gives you small-town Oklahoma within an easy drive of those jobs.
The county is growing, too. The Census Bureau estimates Delaware County at 41,910 people as of July 2025, up about 3.8% since 2020, with more people moving in from elsewhere in the U.S. than moving out. The town itself is small: 728 people at the 2020 Census.
Small-town basics. The town was named in 1928 for Charles F. Colcord, an early Oklahoma oilman and lawman, and Colcord High School graduated its first class that same year. Today the town is home to the Talbot Library & Museum, a senior citizen center and an active chamber of commerce. And about 15 minutes away, Natural Falls State Park has a 77-foot waterfall and trails, with a Colcord mailing address.
What This Means for You
If You’re Buying
- This is where the price point works. Most recent sales were $282,000 or less, often with a couple of acres. If Northwest Arkansas prices have you stretching, Colcord is worth a look.
- Expect a small selection. With about a dozen houses for sale at a time, the right one may not be on the market the day you start looking. Get pre-approved so you can move when it shows up.
- There’s room to talk. Eight of the 11 homes for sale have already adjusted their price, which tells you sellers are being realistic. It’s reasonable to ask questions and negotiate.
- Check the rural basics early. Well or rural water, septic, legal access, and which county and school district you’re in. If you’re inside town limits and planning a shop, an addition or a manufactured home, the town’s new permit ordinance (posted Sep 29) sets $25 permits for most residential work.
- Test the drive and the internet. Before you fall for a place, make the drive to work or school at the times you’d really make it, and ask what internet service is available at that address. Both can vary a lot from one road to the next out here.
If You’re Selling
- Typical homes are moving. Modest homes on a few acres have sold in about 3–4 weeks at close to asking. Price yours off recent sales and you’re in good shape.
- Bigger acreage calls for a local pricing plan. With few recent sales of homes on more than 10 acres, pricing leans on older sales, land values and local know-how, and the runway can be longer. Have a survey, well and septic information, and good photos of the land ready.
- The backdrop is on your side. A growing county next to a growing Northwest Arkansas is a good place to own. That’s not a price promise, just the supply-and-demand picture.
Thinking About the Oklahoma Side?
Colcord is an Oklahoma town, so taxes, utilities and school districts work differently than just across the line. Our Siloam Springs market update has a quick side-by-side of Arkansas and Oklahoma taxes, and our areas page covers the other communities we work in. Questions about a specific property? Get in touch. We’re glad to help.
