$98,000
10.00 Acres
Land
Edna Kimble, Listing Office: C21/Wright Real Estate
Is Lynn Lane, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lynn Lane was a Seller's Market.
Key Takeaway
Lynn Lane is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lynn Lane, OK
How much do homes in Lynn Lane, OK cost?
Median Sold Price
$332,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,000(+5.4%)
Key Takeaway
Homes in Lynn Lane have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Lynn Lane was $332,000 in November 2024, up 5.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $173K | $149.5K | -13.6% |
| 3 Bedrooms | $251K | $271.2K | +8.1% |
| 4 Bedrooms | $380K | $420K | +10.5% |
| 5+ Bedrooms | $483.5K | $715K | +47.9% |
Summary: Lynn Lane housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 47.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Stone Creek Farm | $309K | $333.5K | +7.9% |
| Lynn Lane | $315K | $332K | +5.4% |
Housing Supply in Lynn Lane, OK
How many homes are available in Lynn Lane, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 | 60 | +1.7% |
Summary: The Lynn Lane real estate market had 60 homes for sale in November 2024, a 1.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 26 | 29 | +11.5% |
| 4 Bedrooms | 27 | 25 | -7.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Lynn Lane housing inventory by bedroom type for November 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 11.5%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lynn Lane, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lynn Lane in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Lynn Lane, OK
How long does it take to sell a home in Lynn Lane, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 27 Days | -50.6% |
Summary: Homes in Lynn Lane had an average of 27 days on market in Nov 2024, down by 50.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lynn Lane are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Lynn Lane; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
