Is Northeast Oklahoma City, 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, Northeast Oklahoma City has remained a Seller's Market.
Housing Prices in Northeast Oklahoma City, OK
How much do homes in Northeast Oklahoma City, OK cost?
Median Sold Price
$301,333
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Northeast Oklahoma City was $301,333 in May 2024, down 8.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259K | $148K | -42.9% |
2 Bedrooms | $180K | $206K | +14.4% |
3 Bedrooms | $250K | $233.9K | -6.4% |
4 Bedrooms | $490K | $480K | -2.0% |
5+ Bedrooms | $1.0M | $832.5K | -22.6% |
Summary: Northeast Oklahoma City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 14.4%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 22.6%.
Housing Supply in Northeast Oklahoma City, OK
How many homes are available in Northeast Oklahoma City, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
120 | 119 | -0.8% |
Summary: The Northeast Oklahoma City real estate market had 119 homes for sale in May 2024, a 0.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 54 | 52 | -3.7% |
4 Bedrooms | 42 | 42 | 0.0% |
5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Northeast Oklahoma City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 23 | -20.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Northeast Oklahoma City in May 2024, down by 20.7% month-over-month. Of the 23 sold homes, 65% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Northeast Oklahoma City, OK
How long does it take to sell a home in Northeast Oklahoma City, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 49 Days | +571.1% |
Summary: Homes in Northeast Oklahoma City had an average of 49 days on market in May 2024, up by 571.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Northeast Oklahoma City; 70% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.