Is Sand Springs, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sand Springs has remained a Seller's Market.
Housing Prices in Sand Springs, OK
How much do homes in Sand Springs, OK cost?
Median Sold Price
$236,500
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sand Springs was $236,500 in April 2024, up 9.8% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $86K | $82.5K | -4.1% |
2 Bedrooms | $137.9K | $135.5K | -1.8% |
3 Bedrooms | $210K | $230K | +9.5% |
4 Bedrooms | $274.9K | $305K | +10.9% |
5+ Bedrooms | $280K | $530K | +89.3% |
Summary: Sand Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 89.3%.
Median Sold Price Compared To Nearby Cities
Southeast Osage | $244.7K | $274.2K | +12.1% |
Sand Springs | $215.3K | $236.5K | +9.8% |
Sapulpa | $191.3K | $205.4K | +7.4% |
Mannford | $225K | $202K | -10.2% |
Housing Supply in Sand Springs, OK
How many homes are available in Sand Springs, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 113 | +5.6% |
Summary: The Sand Springs real estate market had 113 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 68 | 72 | +5.9% |
4 Bedrooms | 24 | 27 | +12.5% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Sand Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 25 | -28.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Sand Springs in April 2024, down by 28.6% month-over-month. Of the 25 sold homes, 40% were sold under asking, 32% were sold at asking, and 28% were sold over asking.
Days on Market for Sand Springs, OK
How long does it take to sell a home in Sand Springs, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 13 Days | -65.4% |
Summary: Homes in Sand Springs had an average of 13 days on market in Apr 2024, down by 65.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Sand Springs; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.