$75,000
19.41 Acres
Land
Matthew Sherwood, Listing Office: Next Home Professionals
Is McAlester, 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, McAlester was a Neutral Market.
Key Takeaway
McAlester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in McAlester, OK
How much do homes in McAlester, OK cost?
Median Sold Price
$161,500
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,275(+2.7%)
Key Takeaway
Homes in McAlester have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in McAlester was $161,500 in November 2024, up 2.7% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $24.5K | $195K | +695.9% |
| 2 Bedrooms | $77.5K | $92.5K | +19.4% |
| 3 Bedrooms | $160K | $168K | +5.0% |
| 4 Bedrooms | $257.5K | $272.5K | +5.8% |
| 5+ Bedrooms | $437K | $615K | +40.7% |
Summary: McAlester housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 695.9%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 40.7%.
Housing Supply in McAlester, OK
How many homes are available in McAlester, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 147 | 134 | -8.8% |
Summary: The McAlester real estate market had 134 homes for sale in November 2024, a 8.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 87 | 76 | -12.6% |
| 4 Bedrooms | 27 | 23 | -14.8% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The McAlester 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 decreased by 12.6%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 19 | -42.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in McAlester, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in McAlester in November 2024, down by 42.4% month-over-month. Of the 19 sold homes, 68% were sold under asking, 26% were sold at asking, and 5% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 60 Days | +125.8% |
Summary: Homes in McAlester had an average of 60 days on market in Nov 2024, up by 125.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in McAlester has remained consistent over time.
Summary: During November 2024, 19 homes were sold in McAlester; 32% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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