Is Southeast Oklahoma City, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Southeast Oklahoma City has remained a Seller's Market.
Housing Prices in Southeast Oklahoma City, OK
How much do homes in Southeast Oklahoma City, OK cost?
Median Sold Price
$280,666
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Southeast Oklahoma City was $280,666 in May 2024, up 5.9% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $108.5K | $190K | +75.1% |
3 Bedrooms | $225K | $239K | +6.2% |
4 Bedrooms | $387.4K | $392.4K | +1.3% |
5+ Bedrooms | $530K | $517K | -2.5% |
Summary: Southeast Oklahoma City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 75.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 2.5%.
Housing Supply in Southeast Oklahoma City, OK
How many homes are available in Southeast Oklahoma City, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
158 | 154 | -2.5% |
Summary: The Southeast Oklahoma City real estate market had 154 homes for sale in May 2024, a 2.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 4 | -42.9% |
3 Bedrooms | 86 | 93 | +8.1% |
4 Bedrooms | 55 | 45 | -18.2% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Southeast Oklahoma City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 44 | +2.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Southeast Oklahoma City in May 2024, up by 2.3% month-over-month. Of the 44 sold homes, 41% were sold under asking, 43% were sold at asking, and 16% were sold over asking.
Days on Market for Southeast Oklahoma City, OK
How long does it take to sell a home in Southeast Oklahoma City, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 36 Days | +37.1% |
Summary: Homes in Southeast Oklahoma City had an average of 36 days on market in May 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in Southeast Oklahoma City; 70% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.