Is Newcastle, 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, Newcastle has remained a Seller's Market.
Key Takeaway
Newcastle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newcastle, OK
How much do homes in Newcastle, OK cost?
Median Sold Price
$281,333
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newcastle have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Newcastle was $281,333 in March 2024, up 0.5% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $179K | N/A |
| 2 Bedrooms | $152.5K | $258.5K | +69.5% |
| 3 Bedrooms | $262K | $260K | -0.8% |
| 4 Bedrooms | $318.9K | $370K | +16.0% |
| 5+ Bedrooms | $485K | $466.8K | -3.7% |
Summary: Newcastle 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 69.5%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Goldsby | $438K | $520K | +18.7% |
| Blanchard | $302K | $332.5K | +10.1% |
| Newcastle-Blanchard | $278.7K | $294K | +5.5% |
| Newcastle | $279.8K | $281.3K | 0.5% |
Housing Supply in Newcastle, OK
How many homes are available in Newcastle, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 88 | 103 | +17.0% |
Summary: The Newcastle real estate market had 103 homes for sale in March 2024, a 17.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 42 | 48 | +14.3% |
| 4 Bedrooms | 38 | 46 | +21.1% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Newcastle 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 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newcastle, expect to pay close to the asking price. 38.9% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Newcastle in March 2024, up by 38.5% month-over-month. Of the 18 sold homes, 33% were sold under asking, 39% were sold at asking, and 28% were sold over asking.
Days on Market for Newcastle, OK
How long does it take to sell a home in Newcastle, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 39 Days | -10.7% |
Summary: Homes in Newcastle had an average of 39 days on market in Mar 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newcastle has remained consistent over time.
Summary: During March 2024, 18 homes were sold in Newcastle; 44% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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