$2,138 Closing Credit*
$180,000
1,248 SqFt
3 Beds
•2 Full Baths
Joshua Franklin, Listing Office: Spirit Realty Group, LLC
Is McAlester, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, McAlester has remained a Seller's Market.
Key Takeaway
McAlester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McAlester, OK
How much do homes in McAlester, OK cost?
Median Sold Price
$165,583
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,983(+5.1%)
Key Takeaway
Homes in McAlester have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in McAlester was $165,583 in October 2024, up 5.1% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $24.5K | - | N/A |
| 2 Bedrooms | $80K | $92.5K | +15.6% |
| 3 Bedrooms | $160K | $168K | +5.0% |
| 4 Bedrooms | $280K | $273.7K | -2.2% |
| 5+ Bedrooms | $437K | $570K | +30.4% |
Summary: McAlester housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 30.4%.
Housing Supply in McAlester, OK
How many homes are available in McAlester, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 151 | 152 | +0.7% |
Summary: The McAlester real estate market had 152 homes for sale in October 2024, a 0.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 98 | 93 | -5.1% |
| 4 Bedrooms | 25 | 30 | +20.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The McAlester housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 29 | +45.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McAlester, you may be able to get a good deal. 72.4% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in McAlester in October 2024, up by 45.0% month-over-month. Of the 29 sold homes, 72% were sold under asking, 17% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 60 Days | +148.6% |
Summary: Homes in McAlester had an average of 60 days on market in Oct 2024, up by 148.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 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 October 2024, 29 homes were sold in McAlester; 38% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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