Is East Cleveland, 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, East Cleveland has remained a Seller's Market.
Housing Prices in East Cleveland, OK
How much do homes in East Cleveland, OK cost?
Median Sold Price
$265,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Cleveland was $265,000 in May 2024, up 1% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $130K | -13.3% |
2 Bedrooms | $136.9K | $184K | +34.4% |
3 Bedrooms | $255K | $260K | +2.0% |
4 Bedrooms | $312.5K | $312.5K | 0.0% |
5+ Bedrooms | $390K | $456K | +16.9% |
Summary: East Cleveland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 34.4%, 3 bedroom homes increased by 2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
East Cleveland | $262.5K | $265K | +1.0% |
Slaughterville | $224.9K | $222K | -1.3% |
Noble | $202.1K | $196.7K | -2.7% |
Housing Supply in East Cleveland, OK
How many homes are available in East Cleveland, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
95 | 97 | +2.1% |
Summary: The East Cleveland real estate market had 97 homes for sale in May 2024, a 2.1% increase 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 | 8 | 9 | +12.5% |
3 Bedrooms | 65 | 61 | -6.2% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The East Cleveland 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 12.5%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 22 | +4.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in East Cleveland in May 2024, up by 4.8% month-over-month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for East Cleveland, OK
How long does it take to sell a home in East Cleveland, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 50 Days | +87.4% |
Summary: Homes in East Cleveland had an average of 50 days on market in May 2024, up by 87.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in East Cleveland; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.