Is McAlester, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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 June 2023
Key Takeaway
Homes in McAlester have sold for 8.8% less than they did a year ago.
Summary: The median home sold price in McAlester was $155,000 in June 2024, down 8.8% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $24.5K | - | N/A |
| 2 Bedrooms | $74K | $100K | +35.1% |
| 3 Bedrooms | $168.9K | $159.9K | -5.3% |
| 4 Bedrooms | $285.3K | $273.7K | -4.1% |
| 5+ Bedrooms | $358.5K | $540K | +50.6% |
Summary: McAlester housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 50.6%.
Housing Supply in McAlester, OK
How many homes are available in McAlester, OK?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 146 | 159 | +8.9% |
Summary: The McAlester real estate market had 159 homes for sale in June 2024, a 8.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 93 | 103 | +10.8% |
| 4 Bedrooms | 28 | 24 | -14.3% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The McAlester housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were 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. 73.1% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in McAlester in June 2024, up by 13.0% month-over-month. Of the 26 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 38 Days | 55 Days | +46.0% |
Summary: Homes in McAlester had an average of 55 days on market in Jun 2024, up by 46% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McAlester are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 26 homes were sold in McAlester; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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