Is Seminole, 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, Seminole was a Seller's Market.
Key Takeaway
Seminole 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 Seminole, OK
How much do homes in Seminole, OK cost?
Median Sold Price
$139,900
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Seminole have sold for 24.1% more than they did a year ago.
Summary: The median home sold price in Seminole was $139,900 in May 2024, up 24.1% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $136.5K | -31.8% |
| 2 Bedrooms | $67.9K | $67K | -1.2% |
| 3 Bedrooms | $115K | $147.2K | +28.0% |
| 4 Bedrooms | $244.5K | $200K | -18.2% |
| 5+ Bedrooms | $418.5K | $440K | +5.1% |
Summary: Seminole housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.8%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 28%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Seminole North | $102K | $138.7K | +36.0% |
| Seminole | $112.7K | $139.9K | +24.1% |
Housing Supply in Seminole, OK
How many homes are available in Seminole, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 63 | +1.6% |
Summary: The Seminole real estate market had 63 homes for sale in May 2024, a 1.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 36 | 37 | +2.8% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Seminole housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seminole, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Seminole in May 2024, down by 35.7% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Seminole, OK
How long does it take to sell a home in Seminole, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 94 Days | +145.6% |
Summary: Homes in Seminole had an average of 94 days on market in May 2024, up by 145.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Seminole are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 9 homes were sold in Seminole; 33% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
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