Is Oklahoma City Northeast, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oklahoma City Northeast is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Oklahoma City Northeast has remained a Seller's Market.

Key Takeaway

Oklahoma City Northeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Oklahoma City Northeast, OK

How much do homes in Oklahoma City Northeast, OK cost?

Median Sold Price

$479,900

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,470(+5.4%)

Key Takeaway

Homes in Oklahoma City Northeast have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Oklahoma City Northeast was $479,900 in November 2024, up 5.4% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $269.5K$309.5K
+14.8%
2 $278K$280K
+0.7%
3 $359.9K$380K
+5.6%
4 $519.9K$517.6K
-0.4%
5+ $615K$715K
+16.3%

Summary: Oklahoma City Northeast housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 16.3%.

Median Sold Price Compared To Nearby Cities

Jones
+8.4%
Oklahoma City Northeast
+5.4%
Edmond
0.3%
Arcadia
0.2%
Luther
0.0%

Housing Supply in Oklahoma City Northeast, OK

How many homes are available in Oklahoma City Northeast, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
201196-2.5%

Summary: The Oklahoma City Northeast real estate market had 196 homes for sale in November 2024, a 2.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 86
-25.0%
3 6158
-4.9%
4 8486
+2.4%
5+ 4442
-4.5%

Summary: The Oklahoma City Northeast 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 decreased by 25%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 4.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3933-15.4%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oklahoma City Northeast, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Oklahoma City Northeast in November 2024, down by 15.4% month-over-month. Of the 33 sold homes, 52% were sold under asking, 36% were sold at asking, and 12% were sold over asking.

Days on Market for Oklahoma City Northeast, OK

How long does it take to sell a home in Oklahoma City Northeast, OK?

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days57 Days+26.2%

Summary: Homes in Oklahoma City Northeast had an average of 57 days on market in Nov 2024, up by 26.2% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oklahoma City Northeast are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 33 homes were sold in Oklahoma City Northeast; 52% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 21% 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 23 Days Ago

Newest Listings in Oklahoma City Northeast, OK

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