Is Newcastle, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Newcastle was a Seller's Market.
Key Takeaway
Newcastle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Newcastle, OK
How much do homes in Newcastle, OK cost?
Median Sold Price
$279,765
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Newcastle has remained the same since last year.
Summary: The median home sold price in Newcastle was $279,765 in May 2024, down 0.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $179K | N/A |
| 2 Bedrooms | $152.5K | $258.5K | +69.5% |
| 3 Bedrooms | $259.9K | $254.9K | -1.9% |
| 4 Bedrooms | $334.9K | $355K | +6.0% |
| 5+ Bedrooms | $487.5K | $443.7K | -9.0% |
Summary: Newcastle 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 69.5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
| Goldsby | $429.9K | $520K | +21.0% |
| Newcastle-Blanchard | $281.2K | $297K | +5.6% |
| Blanchard | $309.4K | $324.9K | +5.0% |
| Newcastle | $280K | $279.7K | -0.1% |
Housing Supply in Newcastle, OK
How many homes are available in Newcastle, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 102 | 113 | +10.8% |
Summary: The Newcastle real estate market had 113 homes for sale in May 2024, a 10.8% increase 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 | 1 | 0.0% |
| 3 Bedrooms | 46 | 51 | +10.9% |
| 4 Bedrooms | 51 | 54 | +5.9% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Newcastle 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 remained the same, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 12 | -42.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Newcastle, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Newcastle in May 2024, down by 42.9% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.
Days on Market for Newcastle, OK
How long does it take to sell a home in Newcastle, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 49 Days | +6.6% |
Summary: Homes in Newcastle had an average of 49 days on market in May 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newcastle has remained consistent over time.
Summary: During May 2024, 12 homes were sold in Newcastle; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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