Is Keystone Lake, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Keystone Lake was a Seller's Market.
Key Takeaway
Keystone Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Keystone Lake, OK
How much do homes in Keystone Lake, OK cost?
Median Sold Price
$220,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Keystone Lake have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Keystone Lake was $220,000 in May 2024, down 2.2% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $228.7K | -34.6% |
| 2 Bedrooms | $179K | $126.7K | -29.2% |
| 3 Bedrooms | $220K | $212.5K | -3.4% |
| 4 Bedrooms | $306.7K | $370K | +20.6% |
| 5+ Bedrooms | $371K | $712.5K | +92.0% |
Summary: Keystone Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.6%, 2 bedroom homes decreased by 29.2%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 92%.
Median Sold Price Compared To Nearby Cities
| Keystone Lake | $225K | $220K | -2.2% |
| Mannford | $223.5K | $205K | -8.3% |
Housing Supply in Keystone Lake, OK
How many homes are available in Keystone Lake, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 42 | +13.5% |
Summary: The Keystone Lake real estate market had 42 homes for sale in May 2024, a 13.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 21 | 21 | 0.0% |
| 4 Bedrooms | 6 | 13 | +116.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Keystone Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 2 | -80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Keystone Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Keystone Lake in May 2024, down by 80.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Keystone Lake, OK
How long does it take to sell a home in Keystone Lake, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 41 Days | +10.9% |
Summary: Homes in Keystone Lake had an average of 41 days on market in May 2024, up by 10.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Keystone Lake are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Keystone Lake; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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