Is Cleveland County, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cleveland County has remained a Seller's Market.
Key Takeaway
Cleveland County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cleveland County, OK
How much do homes in Cleveland County, OK cost?
Median Sold Price
$250,357
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cleveland County have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Cleveland County was $250,357 in March 2024, up 2.1% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $94K | $105K | +11.7% |
| 2 Bedrooms | $147.5K | $156.5K | +6.1% |
| 3 Bedrooms | $226.5K | $231.3K | +2.1% |
| 4 Bedrooms | $335K | $327.7K | -2.2% |
| 5+ Bedrooms | $474.9K | $475K | 0.0% |
Summary: Cleveland County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Pottawatomie County | $179K | $198.7K | +11.0% |
| McClain County | $279K | $302.7K | +8.5% |
| Oklahoma County | $245K | $253.9K | +3.6% |
| Cleveland County | $245.1K | $250.3K | +2.1% |
Housing Supply in Cleveland County, OK
How many homes are available in Cleveland County, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,008 | 1,112 | +10.3% |
Summary: The Cleveland County real estate market had 1,112 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 14 | +7.7% |
| 2 Bedrooms | 65 | 62 | -4.6% |
| 3 Bedrooms | 557 | 622 | +11.7% |
| 4 Bedrooms | 311 | 348 | +11.9% |
| 5+ Bedrooms | 62 | 66 | +6.5% |
Summary: The Cleveland County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 234 | 259 | +10.7% |
Asking Price vs. Sold Price
124 Homes Were Sold
Under Asking
84 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cleveland County, you may be able to get a good deal. 47.9% of homes here sold below asking price last month.
Summary: A total of 259 homes were sold or pending in Cleveland County in March 2024, up by 10.7% month-over-month. Of the 259 sold homes, 48% were sold under asking, 32% were sold at asking, and 20% were sold over asking.
Days on Market for Cleveland County, OK
How long does it take to sell a home in Cleveland County, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 42 Days | +32.3% |
Summary: Homes in Cleveland County had an average of 42 days on market in Mar 2024, up by 32.3% compared to last year.
Breakdown of Home Sale Times
171 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
41 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cleveland County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 259 homes were sold in Cleveland County; 66% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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