Is McAlester, 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, McAlester has remained a Seller's Market.
Key Takeaway
McAlester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McAlester, OK
How much do homes in McAlester, OK cost?
Median Sold Price
$159,950
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in McAlester have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in McAlester was $159,950 in March 2024, up 7.1% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $41K | - | N/A |
| 2 Bedrooms | $63.9K | $107K | +67.2% |
| 3 Bedrooms | $157.7K | $160K | +1.4% |
| 4 Bedrooms | $289.9K | $256.9K | -11.4% |
| 5+ Bedrooms | $332.5K | $552.5K | +66.2% |
Summary: McAlester housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 67.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 66.2%.
Housing Supply in McAlester, OK
How many homes are available in McAlester, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 111 | 127 | +14.4% |
Summary: The McAlester real estate market had 127 homes for sale in March 2024, a 14.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 65 | 73 | +12.3% |
| 4 Bedrooms | 21 | 26 | +23.8% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The McAlester housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 23 | +64.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McAlester, you may be able to get a good deal. 87% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in McAlester in March 2024, up by 64.3% month-over-month. Of the 23 sold homes, 87% were sold under asking, 4% were sold at asking, and 9% were sold over asking.
Days on Market for McAlester, OK
How long does it take to sell a home in McAlester, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 78 Days | +31.7% |
Summary: Homes in McAlester had an average of 78 days on market in Mar 2024, up by 31.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in McAlester are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 23 homes were sold in McAlester; 22% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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