Is Moore, 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, Moore has remained a Seller's Market.
Key Takeaway
Moore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moore, OK
How much do homes in Moore, OK cost?
Median Sold Price
$225,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Moore have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Moore was $225,000 in May 2024, up 2.4% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $156.2K | $167.8K | +7.5% |
| 3 Bedrooms | $205K | $211K | +2.9% |
| 4 Bedrooms | $315.7K | $297K | -5.9% |
| 5+ Bedrooms | $379.4K | $467.1K | +23.1% |
Summary: Moore 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 7.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 23.1%.
Median Sold Price Compared To Nearby Cities
| Norman | $255K | $261.7K | +2.6% |
| Moore | $219.8K | $225K | +2.4% |
| North Cleveland | $245.4K | $250.9K | +2.2% |
| Oklahoma City | $248.9K | $250K | 0.4% |
Housing Supply in Moore, OK
How many homes are available in Moore, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 282 | 284 | +0.7% |
Summary: The Moore real estate market had 284 homes for sale in May 2024, a 0.7% 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 185 | 187 | +1.1% |
| 4 Bedrooms | 76 | 81 | +6.6% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The Moore 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 25%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 79 | 81 | +2.5% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moore, expect to pay close to the asking price. 39.5% of homes here sold near the asking price last month.
Summary: A total of 81 homes were sold or pending in Moore in May 2024, up by 2.5% month-over-month. Of the 81 sold homes, 37% were sold under asking, 40% were sold at asking, and 23% were sold over asking.
Days on Market for Moore, OK
How long does it take to sell a home in Moore, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 37 Days | +18.8% |
Summary: Homes in Moore had an average of 37 days on market in May 2024, up by 18.8% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moore are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 81 homes were sold in Moore; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 12% 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. 