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.
Key Takeaway
Northeast Oklahoma City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Northeast Oklahoma City have sold for 8.7% less than they did a year ago.
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
Key Takeaway
If you're buying a home in Northeast Oklahoma City, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Northeast Oklahoma City are selling fast, if you're buying plan to act quickly.
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.
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Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.