$4,334 Closing Credit*
$365,000
1,758 SqFt
3 Beds
•2 Full Baths
Chris Eubanks, Listing Office: Whittington Realty
Is Newcastle, 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, Newcastle was a Seller's Market.
Key Takeaway
Newcastle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Newcastle, OK
How much do homes in Newcastle, OK cost?
Median Sold Price
$298,950
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,450(+7.3%)
Key Takeaway
Homes in Newcastle have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Newcastle was $298,950 in November 2024, up 7.3% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $179K | N/A |
| 2 Bedrooms | $212.5K | $275K | +29.4% |
| 3 Bedrooms | $254.2K | $273.9K | +7.8% |
| 4 Bedrooms | $351K | $377.9K | +7.7% |
| 5+ Bedrooms | $515.9K | $552K | +7.0% |
Summary: Newcastle 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 increased by 29.4%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
| Newcastle | $278.5K | $298.9K | +7.3% |
| Newcastle-Blanchard | $294.5K | $299.5K | +1.7% |
| Blanchard | $323.7K | $322.6K | -0.3% |
Housing Supply in Newcastle, OK
How many homes are available in Newcastle, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 123 | 131 | +6.5% |
Summary: The Newcastle real estate market had 131 homes for sale in November 2024, a 6.5% 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 60 | 60 | 0.0% |
| 4 Bedrooms | 53 | 59 | +11.3% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Newcastle 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newcastle, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Newcastle in November 2024, up by 23.1% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Newcastle, OK
How long does it take to sell a home in Newcastle, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 88 Days | +57.8% |
Summary: Homes in Newcastle had an average of 88 days on market in Nov 2024, up by 57.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newcastle has remained consistent over time.
Summary: During November 2024, 16 homes were sold in Newcastle; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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