Is South Peoria, 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, South Peoria has remained a Seller's Market.
Key Takeaway
South Peoria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Peoria, OK
How much do homes in South Peoria, OK cost?
Median Sold Price
$189,900
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Peoria have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in South Peoria was $189,900 in May 2024, up 12.4% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39.9K | $45.5K | +13.9% |
| 2 Bedrooms | $90K | $112.4K | +24.9% |
| 3 Bedrooms | $192.2K | $215K | +11.8% |
| 4 Bedrooms | $355K | $302.5K | -14.8% |
| 5+ Bedrooms | $465K | $545.5K | +17.3% |
Summary: South Peoria housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 24.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Heller Park | $189K | $221K | +16.9% |
| South Peoria | $169K | $189.9K | +12.4% |
| Riverwood Sustainability Network | $50.7K | $52.7K | +3.9% |
Housing Supply in South Peoria, OK
How many homes are available in South Peoria, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 96 | 97 | +1.0% |
Summary: The South Peoria real estate market had 97 homes for sale in May 2024, a 1.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 17 | +6.3% |
| 2 Bedrooms | 21 | 17 | -19.0% |
| 3 Bedrooms | 40 | 41 | +2.5% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The South Peoria housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 2.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 19 | -20.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Peoria, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in South Peoria in May 2024, down by 20.8% month-over-month. Of the 19 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for South Peoria, OK
How long does it take to sell a home in South Peoria, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 21 Days | +0.7% |
Summary: Homes in South Peoria had an average of 21 days on market in May 2024, up by 0.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Peoria are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in South Peoria; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
