Is Moore, 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, Moore has remained a Seller's Market.
Key Takeaway
Moore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moore, OK
How much do homes in Moore, OK cost?
Median Sold Price
$222,566
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Moore have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Moore was $222,566 in March 2024, up 2.8% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $152.7K | $171.5K | +12.3% |
| 3 Bedrooms | $202.9K | $206.9K | +2.0% |
| 4 Bedrooms | $300K | $290K | -3.3% |
| 5+ Bedrooms | $352K | $379.9K | +7.9% |
Summary: Moore 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 12.3%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Norman | $251.7K | $262.1K | +4.1% |
| North Cleveland | $241.4K | $250K | +3.5% |
| Moore | $216.5K | $222.5K | +2.8% |
| Oklahoma City | $245K | $250K | +2.0% |
Housing Supply in Moore, OK
How many homes are available in Moore, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 221 | 247 | +11.8% |
Summary: The Moore real estate market had 247 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 137 | 157 | +14.6% |
| 4 Bedrooms | 64 | 72 | +12.5% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Moore 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 decreased by 11.1%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 68 | +23.6% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moore, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in Moore in March 2024, up by 23.6% month-over-month. Of the 68 sold homes, 49% were sold under asking, 29% were sold at asking, and 22% were sold over asking.
Days on Market for Moore, OK
How long does it take to sell a home in Moore, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 38 Days | +29.0% |
Summary: Homes in Moore had an average of 38 days on market in Mar 2024, up by 29% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moore are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 68 homes were sold in Moore; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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