Is Cleveland County, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$250,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in Cleveland County has remained the same since last year.
Summary: The median home sold price in Cleveland County was $250,000 in June 2024, the same as last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $97.5K | +2.6% |
| 2 Bedrooms | $151.7K | $160K | +5.5% |
| 3 Bedrooms | $230K | $234K | +1.8% |
| 4 Bedrooms | $333K | $338.9K | +1.8% |
| 5+ Bedrooms | $475K | $477.4K | 0.5% |
Summary: Cleveland County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Counties
| Pottawatomie County | $184.9K | $204.5K | +10.6% |
| McClain County | $286.1K | $297K | +3.8% |
| Oklahoma County | $249.9K | $255.2K | +2.1% |
| Cleveland County | $249.9K | $250K | 0.0% |
Housing Supply in Cleveland County, OK
How many homes are available in Cleveland County, OK?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,330 | 1,343 | +1.0% |
Summary: The Cleveland County real estate market had 1,343 homes for sale in June 2024, a 1.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 80 | 80 | 0.0% |
| 3 Bedrooms | 754 | 745 | -1.2% |
| 4 Bedrooms | 410 | 426 | +3.9% |
| 5+ Bedrooms | 78 | 82 | +5.1% |
Summary: The Cleveland County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 5.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 361 | 293 | -18.8% |
Asking Price vs. Sold Price
129 Homes Were Sold
Under Asking
94 Homes Were Sold
At Asking
70 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. 44% of homes here sold below asking price last month.
Summary: A total of 293 homes were sold or pending in Cleveland County in June 2024, down by 18.8% month-over-month. Of the 293 sold homes, 44% were sold under asking, 32% were sold at asking, and 24% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 25 Days | 32 Days | +25.9% |
Summary: Homes in Cleveland County had an average of 32 days on market in Jun 2024, up by 25.9% compared to last year.
Breakdown of Home Sale Times
210 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
24 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 June 2024, 293 homes were sold in Cleveland County; 72% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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