$75,000
2.50 Acres
Land
Otis Himes, Listing Office: Whittington Realty
Is Newcastle-Blanchard, 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-Blanchard was a Seller's Market.
Key Takeaway
Newcastle-Blanchard is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Newcastle-Blanchard, OK
How much do homes in Newcastle-Blanchard, OK cost?
Median Sold Price
$294,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$990(-0.3%)
Key Takeaway
The sold price of homes in Newcastle-Blanchard has remained the same since last year.
Summary: The median home sold price in Newcastle-Blanchard was $294,000 in October 2024, down 0.3% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $169.5K | -13.1% |
| 2 Bedrooms | $160K | $180K | +12.5% |
| 3 Bedrooms | $264K | $270K | +2.3% |
| 4 Bedrooms | $367.9K | $355K | -3.5% |
| 5+ Bedrooms | $493.4K | $515K | +4.4% |
Summary: Newcastle-Blanchard housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 4.4%.
Housing Supply in Newcastle-Blanchard, OK
How many homes are available in Newcastle-Blanchard, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 193 | 191 | -1.0% |
Summary: The Newcastle-Blanchard real estate market had 191 homes for sale in October 2024, a 1.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 109 | 102 | -6.4% |
| 4 Bedrooms | 70 | 73 | +4.3% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Newcastle-Blanchard housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 21 | -52.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newcastle-Blanchard, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Newcastle-Blanchard in October 2024, down by 52.3% month-over-month. Of the 21 sold homes, 48% were sold under asking, 29% were sold at asking, and 24% were sold over asking.
Days on Market for Newcastle-Blanchard, OK
How long does it take to sell a home in Newcastle-Blanchard, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 84 Days | +17.2% |
Summary: Homes in Newcastle-Blanchard had an average of 84 days on market in Oct 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newcastle-Blanchard are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Newcastle-Blanchard; 38% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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