Is McClain County, 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, McClain County was a Seller's Market.
Key Takeaway
McClain County 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 McClain County, OK
How much do homes in McClain County, OK cost?
Median Sold Price
$298,751
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in McClain County have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in McClain County was $298,751 in May 2024, up 5.2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | $195.5K | -1.8% |
| 2 Bedrooms | $140K | $152K | +8.6% |
| 3 Bedrooms | $260K | $264.8K | +1.9% |
| 4 Bedrooms | $348K | $371.9K | +6.9% |
| 5+ Bedrooms | $467.5K | $499.9K | +6.9% |
Summary: McClain County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Counties
| Grady County | $174.9K | $195.1K | +11.6% |
| Garvin County | $163.2K | $180K | +10.3% |
| Pottawatomie County | $183.3K | $199.9K | +9.1% |
| McClain County | $283.9K | $298.7K | +5.2% |
| Cleveland County | $249.1K | $250.8K | +0.7% |
Housing Supply in McClain County, OK
How many homes are available in McClain County, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 397 | 401 | +1.0% |
Summary: The McClain County real estate market had 401 homes for sale in May 2024, a 1.0% 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 | 23 | 18 | -21.7% |
| 3 Bedrooms | 216 | 220 | +1.9% |
| 4 Bedrooms | 133 | 136 | +2.3% |
| 5+ Bedrooms | 23 | 25 | +8.7% |
Summary: The McClain County 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 decreased by 21.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 73 | 66 | -9.6% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McClain County, you may be able to get a good deal. 47% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in McClain County in May 2024, down by 9.6% month-over-month. Of the 66 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% were sold over asking.
Days on Market for McClain County, OK
How long does it take to sell a home in McClain County, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 61 Days | +40.0% |
Summary: Homes in McClain County had an average of 61 days on market in May 2024, up by 40% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McClain County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 66 homes were sold in McClain County; 50% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 