Is Oklahoma City Northeast, 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, Oklahoma City Northeast has remained a Seller's Market.
Housing Prices in Oklahoma City Northeast, OK
How much do homes in Oklahoma City Northeast, OK cost?
Median Sold Price
$444,368
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oklahoma City Northeast was $444,368 in May 2024, down 1.1% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259K | $280K | +8.1% |
2 Bedrooms | $263.7K | $281K | +6.5% |
3 Bedrooms | $350K | $362.4K | +3.5% |
4 Bedrooms | $515.5K | $520.5K | +1.0% |
5+ Bedrooms | $755K | $689.7K | -8.6% |
Summary: Oklahoma City Northeast housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Cities
Edmond | $359.5K | $357.6K | -0.5% |
Oklahoma City Northeast | $449.3K | $444.3K | -1.1% |
Jones | $419.5K | $410K | -2.3% |
Arcadia | $523.7K | $465.6K | -11.1% |
Housing Supply in Oklahoma City Northeast, OK
How many homes are available in Oklahoma City Northeast, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
248 | 254 | +2.4% |
Summary: The Oklahoma City Northeast real estate market had 254 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 81 | 76 | -6.2% |
4 Bedrooms | 108 | 112 | +3.7% |
5+ Bedrooms | 44 | 52 | +18.2% |
Summary: The Oklahoma City Northeast 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 decreased by 10%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 48 | +2.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Oklahoma City Northeast in May 2024, up by 2.1% month-over-month. Of the 48 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.
Days on Market for Oklahoma City Northeast, OK
How long does it take to sell a home in Oklahoma City Northeast, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
69 Days | 65 Days | -6.4% |
Summary: Homes in Oklahoma City Northeast had an average of 65 days on market in May 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 48 homes were sold in Oklahoma City Northeast; 52% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.