Is North Cleveland, 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, North Cleveland has remained a Seller's Market.
Key Takeaway
North Cleveland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Cleveland, OK
How much do homes in North Cleveland, OK cost?
Median Sold Price
$250,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Cleveland have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in North Cleveland was $250,000 in March 2024, up 3.5% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $165K | $175.5K | +6.4% |
| 3 Bedrooms | $224.7K | $229.7K | +2.2% |
| 4 Bedrooms | $324.4K | $310.8K | -4.2% |
| 5+ Bedrooms | $443K | $515K | +16.2% |
Summary: North Cleveland 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 6.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 16.2%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Southeast | $182.3K | $194.2K | +6.5% |
| 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 North Cleveland, OK
How many homes are available in North Cleveland, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 489 | 559 | +14.3% |
Summary: The North Cleveland real estate market had 559 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 18 | 18 | 0.0% |
| 3 Bedrooms | 283 | 321 | +13.4% |
| 4 Bedrooms | 158 | 191 | +20.9% |
| 5+ Bedrooms | 27 | 26 | -3.7% |
Summary: The North Cleveland 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 increased by 13.4%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 3.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 109 | 120 | +10.1% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Cleveland, you may be able to get a good deal. 49.2% of homes here sold below asking price last month.
Summary: A total of 120 homes were sold or pending in North Cleveland in March 2024, up by 10.1% month-over-month. Of the 120 sold homes, 49% were sold under asking, 32% were sold at asking, and 19% were sold over asking.
Days on Market for North Cleveland, OK
How long does it take to sell a home in North Cleveland, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 44 Days | +59.2% |
Summary: Homes in North Cleveland had an average of 44 days on market in Mar 2024, up by 59.2% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Cleveland are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 120 homes were sold in North Cleveland; 63% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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