Is North Cleveland, 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, North Cleveland has remained a Seller's Market.
Housing Prices in North Cleveland, OK
How much do homes in North Cleveland, OK cost?
Median Sold Price
$250,918
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Cleveland was $250,918 in May 2024, up 2.2% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $148.9K | N/A |
2 Bedrooms | $167.2K | $178K | +6.4% |
3 Bedrooms | $227.9K | $230K | +0.9% |
4 Bedrooms | $329.9K | $317.8K | -3.7% |
5+ Bedrooms | $441.5K | $522.5K | +18.3% |
Summary: North Cleveland 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 6.4%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Cities
Oklahoma City Southeast | $184.1K | $195.8K | +6.4% |
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 North Cleveland, OK
How many homes are available in North Cleveland, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
643 | 649 | +0.9% |
Summary: The North Cleveland real estate market had 649 homes for sale in May 2024, a 0.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 23 | 22 | -4.3% |
3 Bedrooms | 382 | 380 | -0.5% |
4 Bedrooms | 206 | 216 | +4.9% |
5+ Bedrooms | 29 | 29 | 0.0% |
Summary: The North Cleveland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
163 | 173 | +6.1% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
76 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 173 homes were sold or pending in North Cleveland in May 2024, up by 6.1% month-over-month. Of the 173 sold homes, 34% were sold under asking, 44% were sold at asking, and 23% were sold over asking.
Days on Market for North Cleveland, OK
How long does it take to sell a home in North Cleveland, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 32 Days | +5.8% |
Summary: Homes in North Cleveland had an average of 32 days on market in May 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
119 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During May 2024, 173 homes were sold in North Cleveland; 69% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.