Is McAlester, 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, McAlester was a Seller's Market.
Key Takeaway
McAlester is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in McAlester, OK
How much do homes in McAlester, OK cost?
Median Sold Price
$155,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in McAlester have sold for 9.9% less than they did a year ago.
Summary: The median home sold price in McAlester was $155,000 in May 2024, down 9.9% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $24.5K | - | N/A |
| 2 Bedrooms | $71K | $100.5K | +41.5% |
| 3 Bedrooms | $170K | $159.9K | -5.9% |
| 4 Bedrooms | $294K | $240K | -18.4% |
| 5+ Bedrooms | $356K | $487.5K | +36.9% |
Summary: McAlester 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 41.5%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes increased by 36.9%.
Housing Supply in McAlester, OK
How many homes are available in McAlester, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 136 | 149 | +9.6% |
Summary: The McAlester real estate market had 149 homes for sale in May 2024, a 9.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 81 | 91 | +12.3% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The McAlester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McAlester, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in McAlester in May 2024, down by 8.0% month-over-month. Of the 23 sold homes, 65% were sold under asking, 13% were sold at asking, and 22% were sold over asking.
Days on Market for McAlester, OK
How long does it take to sell a home in McAlester, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 40 Days | -20.8% |
Summary: Homes in McAlester had an average of 40 days on market in May 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McAlester are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in McAlester; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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