Is Newcastle-Blanchard, 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, Newcastle-Blanchard was a Seller's Market.
Key Takeaway
Newcastle-Blanchard 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 Newcastle-Blanchard, OK
How much do homes in Newcastle-Blanchard, OK cost?
Median Sold Price
$297,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Newcastle-Blanchard have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Newcastle-Blanchard was $297,000 in May 2024, up 5.6% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $165.5K | -15.1% |
| 2 Bedrooms | $125K | $208.7K | +67.0% |
| 3 Bedrooms | $260K | $268.9K | +3.4% |
| 4 Bedrooms | $340K | $360K | +5.9% |
| 5+ Bedrooms | $487.5K | $517K | +6.1% |
Summary: Newcastle-Blanchard housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.1%, 2 bedroom homes increased by 67%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in Newcastle-Blanchard, OK
How many homes are available in Newcastle-Blanchard, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 181 | 178 | -1.7% |
Summary: The Newcastle-Blanchard real estate market had 178 homes for sale in May 2024, a 1.7% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 86 | 87 | +1.2% |
| 4 Bedrooms | 81 | 78 | -3.7% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Newcastle-Blanchard 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 33.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 29 | -25.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newcastle-Blanchard, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Newcastle-Blanchard in May 2024, down by 25.6% month-over-month. Of the 29 sold homes, 52% were sold under asking, 31% were sold at asking, and 17% were sold over asking.
Days on Market for Newcastle-Blanchard, OK
How long does it take to sell a home in Newcastle-Blanchard, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 64 Days | +57.7% |
Summary: Homes in Newcastle-Blanchard had an average of 64 days on market in May 2024, up by 57.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newcastle-Blanchard are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Newcastle-Blanchard; 41% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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