Is Oklahoma City Southeast, 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 Southeast has remained a Seller's Market.
Key Takeaway
Oklahoma City Southeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oklahoma City Southeast, OK
How much do homes in Oklahoma City Southeast, OK cost?
Median Sold Price
$195,871
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oklahoma City Southeast have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Oklahoma City Southeast was $195,871 in May 2024, up 6.4% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $100K | -9.1% |
| 2 Bedrooms | $110K | $112.7K | +2.5% |
| 3 Bedrooms | $179.5K | $190K | +5.8% |
| 4 Bedrooms | $260K | $269.6K | +3.7% |
| 5+ Bedrooms | $374.5K | $335K | -10.5% |
Summary: Oklahoma City Southeast housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Nicoma Park | $164.5K | $215.9K | +31.3% |
| Oklahoma City Southeast | $184.1K | $195.8K | +6.4% |
| Spencer | $145K | $153.7K | +6.0% |
| Midwest City | $167.4K | $177K | +5.8% |
| Choctaw | $296.6K | $309.8K | +4.4% |
Housing Supply in Oklahoma City Southeast, OK
How many homes are available in Oklahoma City Southeast, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 663 | 665 | 0.3% |
Summary: The Oklahoma City Southeast real estate market had 665 homes for sale in May 2024, a 0.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 52 | 52 | 0.0% |
| 3 Bedrooms | 416 | 414 | -0.5% |
| 4 Bedrooms | 164 | 166 | +1.2% |
| 5+ Bedrooms | 27 | 27 | 0.0% |
Summary: The Oklahoma City Southeast housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 184 | 176 | -4.3% |
Asking Price vs. Sold Price
78 Homes Were Sold
Under Asking
59 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oklahoma City Southeast, you may be able to get a good deal. 44.3% of homes here sold below asking price last month.
Summary: A total of 176 homes were sold or pending in Oklahoma City Southeast in May 2024, down by 4.3% month-over-month. Of the 176 sold homes, 44% were sold under asking, 34% were sold at asking, and 22% were sold over asking.
Days on Market for Oklahoma City Southeast, OK
How long does it take to sell a home in Oklahoma City Southeast, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 30 Days | +74.0% |
Summary: Homes in Oklahoma City Southeast had an average of 30 days on market in May 2024, up by 74% compared to last year.
Breakdown of Home Sale Times
126 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oklahoma City Southeast are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 176 homes were sold in Oklahoma City Southeast; 72% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.