Is Newcastle, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Newcastle was a Seller's Market.
Housing Prices in Newcastle, OK
How much do homes in Newcastle, OK cost?
Median Sold Price
$279,765
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Newcastle was $279,765 in May 2024, down 0.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $179K | N/A |
2 Bedrooms | $152.5K | $258.5K | +69.5% |
3 Bedrooms | $259.9K | $254.9K | -1.9% |
4 Bedrooms | $334.9K | $355K | +6.0% |
5+ Bedrooms | $487.5K | $443.7K | -9.0% |
Summary: Newcastle 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 69.5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
Goldsby | $429.9K | $520K | +21.0% |
Newcastle-Blanchard | $281.2K | $297K | +5.6% |
Blanchard | $309.4K | $324.9K | +5.0% |
Newcastle | $280K | $279.7K | -0.1% |
Housing Supply in Newcastle, OK
How many homes are available in Newcastle, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
102 | 113 | +10.8% |
Summary: The Newcastle real estate market had 113 homes for sale in May 2024, a 10.8% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 46 | 51 | +10.9% |
4 Bedrooms | 51 | 54 | +5.9% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Newcastle 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 remained the same, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 12 | -42.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Newcastle in May 2024, down by 42.9% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.
Days on Market for Newcastle, OK
How long does it take to sell a home in Newcastle, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 49 Days | +6.6% |
Summary: Homes in Newcastle had an average of 49 days on market in May 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Newcastle; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.