Is North Cleveland, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Cleveland is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, North Cleveland was a Seller's Market.

Key Takeaway

North Cleveland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in North Cleveland, OK

How much do homes in North Cleveland, OK cost?

Median Sold Price

$248,211

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$1,731(-0.7%)

Key Takeaway

Homes in North Cleveland have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in North Cleveland was $248,211 in November 2024, down 0.7% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $125K$148.9K
+19.1%
2 $166.8K$178K
+6.7%
3 $225.7K$230.3K
+2.0%
4 $321.6K$319.1K
-0.8%
5+ $435K$499K
+14.7%

Summary: North Cleveland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 14.7%.

Median Sold Price Compared To Nearby Cities

Oklahoma City Southeast
+5.7%
Norman
+5.3%
Oklahoma City
+1.4%
Moore
+0.8%
North Cleveland
-0.7%

Housing Supply in North Cleveland, OK

How many homes are available in North Cleveland, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
662669+1.1%

Summary: The North Cleveland real estate market had 669 homes for sale in November 2024, a 1.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 2628
+7.7%
3 373371
-0.5%
4 238244
+2.5%
5+ 2324
+4.3%

Summary: The North Cleveland 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 7.7%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
134108-19.4%

Asking Price vs. Sold Price

46 Homes Were Sold
Under Asking

46 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Cleveland, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.

Summary: A total of 108 homes were sold or pending in North Cleveland in November 2024, down by 19.4% month-over-month. Of the 108 sold homes, 43% were sold under asking, 43% were sold at asking, and 15% were sold over asking.

Days on Market for North Cleveland, OK

How long does it take to sell a home in North Cleveland, OK?

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days43 Days+13.4%

Summary: Homes in North Cleveland had an average of 43 days on market in Nov 2024, up by 13.4% compared to last year.

Breakdown of Home Sale Times

65 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Cleveland are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 108 homes were sold in North Cleveland; 60% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in North Cleveland, OK

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