$3,788 Closing Credit*
$319,000
2,203 SqFt
3 Beds
•2 Full Baths, 1 Partial
Michael Wallace, Listing Office: RE/MAX at Home
Is Oklahoma City Northeast, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Oklahoma City Northeast was a Seller's Market.
Key Takeaway
Oklahoma City Northeast is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Oklahoma City Northeast, OK
How much do homes in Oklahoma City Northeast, OK cost?
Median Sold Price
$466,333
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$12,560(+2.8%)
Key Takeaway
Homes in Oklahoma City Northeast have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Oklahoma City Northeast was $466,333 in September 2024, up 2.8% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259K | $249.5K | -3.7% |
| 2 Bedrooms | $274.5K | $285K | +3.8% |
| 3 Bedrooms | $359.9K | $374.9K | +4.2% |
| 4 Bedrooms | $519.9K | $510K | -1.9% |
| 5+ Bedrooms | $717K | $657.5K | -8.3% |
Summary: Oklahoma City Northeast housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Jones | $395.5K | $442.4K | +11.9% |
| Oklahoma City Northeast | $453.7K | $466.3K | +2.8% |
| Edmond | $359.8K | $363.1K | +0.9% |
| Arcadia | $490.5K | $486.3K | -0.8% |
| Luther | $279.5K | $269K | -3.8% |
Housing Supply in Oklahoma City Northeast, OK
How many homes are available in Oklahoma City Northeast, OK?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 239 | 239 | 0.0% |
Summary: The Oklahoma City Northeast real estate market had 239 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 63 | 69 | +9.5% |
| 4 Bedrooms | 112 | 107 | -4.5% |
| 5+ Bedrooms | 55 | 52 | -5.5% |
Summary: The Oklahoma City Northeast housing inventory by bedroom type for September 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 9.5%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 5.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 40 | 36 | -10.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oklahoma City Northeast, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Oklahoma City Northeast in September 2024, down by 10.0% month-over-month. Of the 36 sold homes, 44% were sold under asking, 42% were sold at asking, and 14% were sold over asking.
Days on Market for Oklahoma City Northeast, OK
How long does it take to sell a home in Oklahoma City Northeast, OK?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 37 Days | 66 Days | +78.8% |
Summary: Homes in Oklahoma City Northeast had an average of 66 days on market in Sep 2024, up by 78.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oklahoma City Northeast are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 36 homes were sold in Oklahoma City Northeast; 50% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.