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 May 2023
Since last year, Oklahoma City Southeast has remained a Seller's Market.
Housing Prices in Oklahoma City Southeast, OK
How much do homes in Oklahoma City Southeast, OK cost?
Median Sold Price
$195,871
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oklahoma City Southeast was $195,871 in May 2024, up 6.4% 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 | $110K | $100K | -9.1% |
2 Bedrooms | $110K | $112.7K | +2.5% |
3 Bedrooms | $179.5K | $190K | +5.8% |
4 Bedrooms | $260K | $269.6K | +3.7% |
5+ Bedrooms | $374.5K | $335K | -10.5% |
Summary: Oklahoma City Southeast housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Cities
Nicoma Park | $164.5K | $215.9K | +31.3% |
Oklahoma City Southeast | $184.1K | $195.8K | +6.4% |
Spencer | $145K | $153.7K | +6.0% |
Midwest City | $167.4K | $177K | +5.8% |
Choctaw | $296.6K | $309.8K | +4.4% |
Housing Supply in Oklahoma City Southeast, OK
How many homes are available in Oklahoma City Southeast, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
663 | 665 | 0.3% |
Summary: The Oklahoma City Southeast real estate market had 665 homes for sale in May 2024, a 0.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 52 | 52 | 0.0% |
3 Bedrooms | 416 | 414 | -0.5% |
4 Bedrooms | 164 | 166 | +1.2% |
5+ Bedrooms | 27 | 27 | 0.0% |
Summary: The Oklahoma City Southeast housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
184 | 176 | -4.3% |
Asking Price vs. Sold Price
78 Homes Were Sold
Under Asking
59 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 176 homes were sold or pending in Oklahoma City Southeast in May 2024, down by 4.3% month-over-month. Of the 176 sold homes, 44% were sold under asking, 34% were sold at asking, and 22% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 30 Days | +74.0% |
Summary: Homes in Oklahoma City Southeast had an average of 30 days on market in May 2024, up by 74% compared to last year.
Breakdown of Home Sale Times
126 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During May 2024, 176 homes were sold in Oklahoma City Southeast; 72% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.