Is McClain County, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McClain County is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

McClain County 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 McClain County, OK

How much do homes in McClain County, OK cost?

Median Sold Price

$298,751

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$14,826(+5.2%)

Key Takeaway

Homes in McClain County have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in McClain County was $298,751 in May 2024, up 5.2% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $199K$195.5K
-1.8%
2 $140K$152K
+8.6%
3 $260K$264.8K
+1.9%
4 $348K$371.9K
+6.9%
5+ $467.5K$499.9K
+6.9%

Summary: McClain County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Counties

Grady County
+11.6%
Garvin County
+10.3%
Pottawatomie County
+9.1%
McClain County
+5.2%
Cleveland County
+0.7%

Housing Supply in McClain County, OK

How many homes are available in McClain County, OK?

Number of Homes For Sale

Apr 2024May 2024CHANGE
397401+1.0%

Summary: The McClain County real estate market had 401 homes for sale in May 2024, a 1.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 2318
-21.7%
3 216220
+1.9%
4 133136
+2.3%
5+ 2325
+8.7%

Summary: The McClain County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
7366-9.6%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McClain County, you may be able to get a good deal. 47% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in McClain County in May 2024, down by 9.6% month-over-month. Of the 66 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% were sold over asking.

Days on Market for McClain County, OK

How long does it take to sell a home in McClain County, OK?

Average Sale Time

May 2023May 2024CHANGE
43 Days61 Days+40.0%

Summary: Homes in McClain County had an average of 61 days on market in May 2024, up by 40% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 66 homes were sold in McClain County; 50% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 27% 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 16 Days Ago

Newest Listings in McClain County, OK

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What housing markets are near McClain County, OK?