$3,105 Closing Credit*
$261,490
1,391 SqFt
3 Beds
•2 Full Baths
John Burris, Listing Office: Central OK Real Estate Group
Is Oklahoma City Southeast, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Oklahoma City Southeast has remained a Seller's Market.
Key Takeaway
Oklahoma City Southeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oklahoma City Southeast, OK
How much do homes in Oklahoma City Southeast, OK cost?
Median Sold Price
$199,445
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$13,778(+7.4%)
Key Takeaway
Homes in Oklahoma City Southeast have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Oklahoma City Southeast was $199,445 in September 2024, up 7.4% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $78.7K | -28.4% |
| 2 Bedrooms | $112.9K | $117.7K | +4.2% |
| 3 Bedrooms | $180.3K | $194.9K | +8.1% |
| 4 Bedrooms | $265K | $261.4K | -1.3% |
| 5+ Bedrooms | $380K | $360.4K | -5.1% |
Summary: Oklahoma City Southeast housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.4%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Midwest City | $165K | $182K | +10.3% |
| Oklahoma City Southeast | $185.6K | $199.4K | +7.4% |
| Choctaw | $298K | $315K | +5.7% |
| Spencer | $161.8K | $148K | -8.5% |
Housing Supply in Oklahoma City Southeast, OK
How many homes are available in Oklahoma City Southeast, OK?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 704 | 670 | -4.8% |
Summary: The Oklahoma City Southeast real estate market had 670 homes for sale in September 2024, a 4.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 63 | 53 | -15.9% |
| 3 Bedrooms | 455 | 446 | -2.0% |
| 4 Bedrooms | 161 | 148 | -8.1% |
| 5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The Oklahoma City Southeast 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 decreased by 15.9%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 195 | 132 | -32.3% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oklahoma City Southeast, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.
Summary: A total of 132 homes were sold or pending in Oklahoma City Southeast in September 2024, down by 32.3% month-over-month. Of the 132 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for Oklahoma City Southeast, OK
How long does it take to sell a home in Oklahoma City Southeast, OK?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 18 Days | 23 Days | +27.8% |
Summary: Homes in Oklahoma City Southeast had an average of 23 days on market in Sep 2024, up by 27.8% compared to last year.
Breakdown of Home Sale Times
97 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oklahoma City Southeast are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 132 homes were sold in Oklahoma City Southeast; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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