Is Newalla, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Newalla has remained a Seller's Market.
Key Takeaway
Newalla is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newalla, OK
How much do homes in Newalla, OK cost?
Median Sold Price
$273,600
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Newalla have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Newalla was $273,600 in May 2024, up 9.4% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | - | N/A |
| 2 Bedrooms | $133.5K | $190K | +42.3% |
| 3 Bedrooms | $250K | $229K | -8.4% |
| 4 Bedrooms | $357.2K | $373.2K | +4.5% |
| 5+ Bedrooms | $475K | $434.9K | -8.4% |
Summary: Newalla housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.3%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 8.4%.
Median Sold Price Compared To Nearby Cities
| McLoud | $200K | $240.2K | +20.1% |
| Harrah | $229.9K | $262.5K | +14.2% |
| Newalla | $250K | $273.6K | +9.4% |
| Oklahoma City Southeast | $184.1K | $195.8K | +6.4% |
| Bethel Acres | $261.4K | $245.7K | -6.0% |
Housing Supply in Newalla, OK
How many homes are available in Newalla, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Summary: The Newalla real estate market had 34 homes for sale in May 2024, a 2.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Newalla housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newalla, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Newalla in May 2024, the same as the previous month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Newalla, OK
How long does it take to sell a home in Newalla, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 74 Days | +215.6% |
Summary: Homes in Newalla had an average of 74 days on market in May 2024, up by 215.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Newalla are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 9 homes were sold in Newalla; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
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