Is Newalla, 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, Newalla has remained a Seller's Market.
Key Takeaway
Newalla is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newalla, OK
How much do homes in Newalla, OK cost?
Median Sold Price
$273,600
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newalla have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Newalla was $273,600 in March 2024, up 11.3% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | - | N/A |
| 2 Bedrooms | $165K | $133.5K | -19.1% |
| 3 Bedrooms | $245K | $250K | +2.0% |
| 4 Bedrooms | $342.5K | $373.5K | +9.1% |
| 5+ Bedrooms | $462.5K | $434.9K | -6.0% |
Summary: Newalla 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 decreased by 19.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Cities
| McLoud | $185K | $238K | +28.6% |
| Newalla | $245.9K | $273.6K | +11.3% |
| Oklahoma City Southeast | $182.3K | $194.2K | +6.5% |
| Harrah | $229.9K | $240K | +4.4% |
| Bethel Acres | $265K | $234K | -11.7% |
Housing Supply in Newalla, OK
How many homes are available in Newalla, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The Newalla real estate market had 39 homes for sale in March 2024, a 2.6% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 25 | 25 | 0.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Newalla 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 remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newalla, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Newalla in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Newalla, OK
How long does it take to sell a home in Newalla, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 70 Days | +223.7% |
Summary: Homes in Newalla had an average of 70 days on market in Mar 2024, up by 223.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newalla are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Newalla; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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