Is Newcastle-Blanchard, 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-Blanchard has remained a Seller's Market.
Key Takeaway
Newcastle-Blanchard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newcastle-Blanchard, OK
How much do homes in Newcastle-Blanchard, OK cost?
Median Sold Price
$294,017
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Newcastle-Blanchard have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Newcastle-Blanchard was $294,017 in March 2024, up 5.5% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $165.5K | -15.1% |
| 2 Bedrooms | $135K | $208.7K | +54.6% |
| 3 Bedrooms | $262.2K | $266.9K | +1.8% |
| 4 Bedrooms | $328.5K | $370K | +12.6% |
| 5+ Bedrooms | $507.5K | $490K | -3.4% |
Summary: Newcastle-Blanchard housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.1%, 2 bedroom homes increased by 54.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in Newcastle-Blanchard, OK
How many homes are available in Newcastle-Blanchard, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 153 | 167 | +9.2% |
Summary: The Newcastle-Blanchard real estate market had 167 homes for sale in March 2024, a 9.2% 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 | 5 | 7 | +40.0% |
| 3 Bedrooms | 74 | 82 | +10.8% |
| 4 Bedrooms | 68 | 70 | +2.9% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Newcastle-Blanchard 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 increased by 40%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 33 | +37.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newcastle-Blanchard, expect to pay close to the asking price. 48.5% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in Newcastle-Blanchard in March 2024, up by 37.5% month-over-month. Of the 33 sold homes, 36% were sold under asking, 48% were sold at asking, and 15% were sold over asking.
Days on Market for Newcastle-Blanchard, OK
How long does it take to sell a home in Newcastle-Blanchard, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 62 Days | +65.8% |
Summary: Homes in Newcastle-Blanchard had an average of 62 days on market in Mar 2024, up by 65.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newcastle-Blanchard are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 33 homes were sold in Newcastle-Blanchard; 39% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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