$25,000
1.00 Acres
Land
Chequita Hawkins, Listing Office: Keller Williams Realty Elite
Is Oklahoma City Southeast, 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, Oklahoma City Southeast was a Seller's Market.
Key Takeaway
Oklahoma City Southeast 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 Oklahoma City Southeast, OK
How much do homes in Oklahoma City Southeast, OK cost?
Median Sold Price
$199,930
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,806(+5.7%)
Key Takeaway
Homes in Oklahoma City Southeast have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Oklahoma City Southeast was $199,930 in November 2024, up 5.7% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118.5K | $57.5K | -51.5% |
| 2 Bedrooms | $112.9K | $123.7K | +9.5% |
| 3 Bedrooms | $184.6K | $195K | +5.6% |
| 4 Bedrooms | $273.8K | $265K | -3.2% |
| 5+ Bedrooms | $380.5K | $350.5K | -7.9% |
Summary: Oklahoma City Southeast housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.5%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Midwest City | $167.3K | $185K | +10.6% |
| Oklahoma City Southeast | $189.1K | $199.9K | +5.7% |
| Choctaw | $305K | $320K | +4.9% |
| Nicoma Park | $220.2K | $221.8K | +0.7% |
Housing Supply in Oklahoma City Southeast, OK
How many homes are available in Oklahoma City Southeast, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 700 | 654 | -6.6% |
Summary: The Oklahoma City Southeast real estate market had 654 homes for sale in November 2024, a 6.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 58 | 50 | -13.8% |
| 3 Bedrooms | 448 | 413 | -7.8% |
| 4 Bedrooms | 164 | 161 | -1.8% |
| 5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The Oklahoma City Southeast 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 13.8%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 161 | 103 | -36.0% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oklahoma City Southeast, you may be able to get a good deal. 42.7% of homes here sold below asking price last month.
Summary: A total of 103 homes were sold or pending in Oklahoma City Southeast in November 2024, down by 36.0% month-over-month. Of the 103 sold homes, 43% were sold under asking, 26% were sold at asking, and 31% were sold over asking.
Days on Market for Oklahoma City Southeast, OK
How long does it take to sell a home in Oklahoma City Southeast, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 38 Days | +72.0% |
Summary: Homes in Oklahoma City Southeast had an average of 38 days on market in Nov 2024, up by 72% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oklahoma City Southeast are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 103 homes were sold in Oklahoma City Southeast; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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