Is Lynn Lane, 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, Lynn Lane has remained a Seller's Market.
Key Takeaway
Lynn Lane is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lynn Lane, OK
How much do homes in Lynn Lane, OK cost?
Median Sold Price
$330,450
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lynn Lane have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Lynn Lane was $330,450 in May 2024, up 7.1% 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 | - | - | N/A |
| 2 Bedrooms | $417.5K | $149.5K | -64.2% |
| 3 Bedrooms | $251K | $272.5K | +8.6% |
| 4 Bedrooms | $409.9K | $388K | -5.4% |
| 5+ Bedrooms | $456K | $566.1K | +24.2% |
Summary: Lynn Lane 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 decreased by 64.2%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 24.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Lynn Lane | $308.5K | $330.4K | +7.1% |
| Stone Creek Farm | $302.8K | $316.5K | +4.5% |
Housing Supply in Lynn Lane, OK
How many homes are available in Lynn Lane, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 55 | -11.3% |
Summary: The Lynn Lane real estate market had 55 homes for sale in May 2024, a 11.3% 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 | 2 | +100.0% |
| 3 Bedrooms | 25 | 19 | -24.0% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Lynn Lane 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 increased by 100%, 3 bedroom homes decreased by 24%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lynn Lane, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lynn Lane in May 2024, down by 31.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Lynn Lane, OK
How long does it take to sell a home in Lynn Lane, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 56 Days | +24.7% |
Summary: Homes in Lynn Lane had an average of 56 days on market in May 2024, up by 24.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lynn Lane are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Lynn Lane; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
