Is McAlester, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McAlester is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, McAlester was a Seller's Market.

Key Takeaway

McAlester 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 McAlester, OK

How much do homes in McAlester, OK cost?

Median Sold Price

$155,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$17,000(-9.9%)

Key Takeaway

Homes in McAlester have sold for 9.9% less than they did a year ago.

Summary: The median home sold price in McAlester was $155,000 in May 2024, down 9.9% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $24.5K-
N/A
2 $71K$100.5K
+41.5%
3 $170K$159.9K
-5.9%
4 $294K$240K
-18.4%
5+ $356K$487.5K
+36.9%

Summary: McAlester housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.5%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes increased by 36.9%.

Housing Supply in McAlester, OK

How many homes are available in McAlester, OK?

Number of Homes For Sale

Apr 2024May 2024CHANGE
136149+9.6%

Summary: The McAlester real estate market had 149 homes for sale in May 2024, a 9.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 1815
-16.7%
3 8191
+12.3%
4 2629
+11.5%
5+ 1012
+20.0%

Summary: The McAlester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2523-8.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McAlester, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in McAlester in May 2024, down by 8.0% month-over-month. Of the 23 sold homes, 65% were sold under asking, 13% were sold at asking, and 22% 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

May 2023May 2024CHANGE
51 Days40 Days-20.8%

Summary: Homes in McAlester had an average of 40 days on market in May 2024, down by 20.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in McAlester are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 23 homes were sold in McAlester; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in McAlester, OK

Nearby Markets to McAlester, OK