Is Southeast Osage, 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 Osage has remained a Seller's Market.
Key Takeaway
Southeast Osage is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Osage, OK
How much do homes in Southeast Osage, OK cost?
Median Sold Price
$275,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southeast Osage have sold for 6% more than they did a year ago.
Summary: The median home sold price in Southeast Osage was $275,000 in May 2024, up 6% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $40K | -38.5% |
| 2 Bedrooms | $167.9K | $132.5K | -21.1% |
| 3 Bedrooms | $236K | $238.5K | +1.1% |
| 4 Bedrooms | $321K | $360.5K | +12.3% |
| 5+ Bedrooms | $387.3K | $575K | +48.4% |
Summary: Southeast Osage housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.5%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 48.4%.
Housing Supply in Southeast Osage, OK
How many homes are available in Southeast Osage, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 104 | 111 | +6.7% |
Summary: The Southeast Osage real estate market had 111 homes for sale in May 2024, a 6.7% 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 | 6 | 9 | +50.0% |
| 3 Bedrooms | 52 | 56 | +7.7% |
| 4 Bedrooms | 36 | 35 | -2.8% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Southeast Osage 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 50%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 26 | +36.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Osage, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Southeast Osage in May 2024, up by 36.8% month-over-month. Of the 26 sold homes, 54% were sold under asking, 27% were sold at asking, and 19% were sold over asking.
Days on Market for Southeast Osage, OK
How long does it take to sell a home in Southeast Osage, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 30 Days | +32.6% |
Summary: Homes in Southeast Osage had an average of 30 days on market in May 2024, up by 32.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Osage are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 26 homes were sold in Southeast Osage; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
