Is Sand Springs, 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, Sand Springs has remained a Seller's Market.
Housing Prices in Sand Springs, OK
How much do homes in Sand Springs, OK cost?
Median Sold Price
$235,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sand Springs was $235,000 in May 2024, up 1.3% 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 | $105.5K | $110K | +4.3% |
2 Bedrooms | $145K | $135.5K | -6.6% |
3 Bedrooms | $225K | $225K | 0.0% |
4 Bedrooms | $330K | $300K | -9.1% |
5+ Bedrooms | $285K | $550K | +93.0% |
Summary: Sand Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 93%.
Median Sold Price Compared To Nearby Cities
Southeast Osage | $259.5K | $275K | +6.0% |
Sapulpa | $199.9K | $205.2K | +2.6% |
Sand Springs | $231.9K | $235K | +1.3% |
Mannford | $223.5K | $205K | -8.3% |
Housing Supply in Sand Springs, OK
How many homes are available in Sand Springs, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
111 | 138 | +24.3% |
Summary: The Sand Springs real estate market had 138 homes for sale in May 2024, a 24.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 71 | 86 | +21.1% |
4 Bedrooms | 26 | 32 | +23.1% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Sand Springs 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 42.9%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 28 | +7.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Sand Springs in May 2024, up by 7.7% month-over-month. Of the 28 sold homes, 57% were sold under asking, 18% were sold at asking, and 25% were sold over asking.
Days on Market for Sand Springs, OK
How long does it take to sell a home in Sand Springs, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 20 Days | -49.2% |
Summary: Homes in Sand Springs had an average of 20 days on market in May 2024, down by 49.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Sand Springs; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.