$75,000
2.50 Acres
Land
Otis Himes, 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 October 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
$293,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,250(+3.3%)
Key Takeaway
Homes in Newcastle have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Newcastle was $293,000 in October 2024, up 3.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $179K | N/A |
| 2 Bedrooms | $205K | $275K | +34.1% |
| 3 Bedrooms | $261.5K | $265.5K | +1.5% |
| 4 Bedrooms | $370K | $373.9K | +1.1% |
| 5+ Bedrooms | $493.4K | $552K | +11.9% |
Summary: Newcastle 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 34.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Cities
| Newcastle | $283.7K | $293K | +3.3% |
| Goldsby | $494.9K | $507.4K | +2.5% |
| Newcastle-Blanchard | $294.9K | $294K | -0.3% |
| Blanchard | $319.9K | $319.1K | -0.3% |
Housing Supply in Newcastle, OK
How many homes are available in Newcastle, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 126 | +3.3% |
Summary: The Newcastle real estate market had 126 homes for sale in October 2024, a 3.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 60 | 58 | -3.3% |
| 4 Bedrooms | 52 | 57 | +9.6% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Newcastle housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 10 | -61.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Newcastle, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Newcastle in October 2024, down by 61.5% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 92 Days | 95 Days | +2.4% |
Summary: Homes in Newcastle had an average of 95 days on market in Oct 2024, up by 2.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Newcastle are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 10 homes were sold in Newcastle; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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