Is Southeast 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, Southeast Oklahoma City has remained a Seller's Market.
Key Takeaway
Southeast Oklahoma City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Oklahoma City, OK
How much do homes in Southeast Oklahoma City, OK cost?
Median Sold Price
$280,666
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southeast Oklahoma City have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Southeast Oklahoma City was $280,666 in May 2024, up 5.9% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $108.5K | $190K | +75.1% |
| 3 Bedrooms | $225K | $239K | +6.2% |
| 4 Bedrooms | $387.4K | $392.4K | +1.3% |
| 5+ Bedrooms | $530K | $517K | -2.5% |
Summary: Southeast Oklahoma City 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 increased by 75.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 2.5%.
Housing Supply in Southeast Oklahoma City, OK
How many homes are available in Southeast Oklahoma City, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 158 | 154 | -2.5% |
Summary: The Southeast Oklahoma City real estate market had 154 homes for sale in May 2024, a 2.5% 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 | 7 | 4 | -42.9% |
| 3 Bedrooms | 86 | 93 | +8.1% |
| 4 Bedrooms | 55 | 45 | -18.2% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Southeast Oklahoma City 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 42.9%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 44 | +2.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Oklahoma City, expect to pay close to the asking price. 43.2% of homes here sold near the asking price last month.
Summary: A total of 44 homes were sold or pending in Southeast Oklahoma City in May 2024, up by 2.3% month-over-month. Of the 44 sold homes, 41% were sold under asking, 43% were sold at asking, and 16% were sold over asking.
Days on Market for Southeast Oklahoma City, OK
How long does it take to sell a home in Southeast Oklahoma City, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 36 Days | +37.1% |
Summary: Homes in Southeast Oklahoma City had an average of 36 days on market in May 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Oklahoma City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 44 homes were sold in Southeast Oklahoma City; 70% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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