$7,363 Closing Credit*
$620,000
4,127 SqFt
5 Beds
•3 Full Baths, 1 Partial
Gary Britt, Listing Office: McGraw, REALTORS
Is Sand Springs, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Sand Springs has remained a Seller's Market.
Key Takeaway
Sand Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sand Springs, OK
How much do homes in Sand Springs, OK cost?
Median Sold Price
$235,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$937(+0.4%)
Key Takeaway
The sold price of homes in Sand Springs has remained the same since last year.
Summary: The median home sold price in Sand Springs was $235,000 in August 2024, up 0.4% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $110K | -12.0% |
| 2 Bedrooms | $139K | $150.5K | +8.3% |
| 3 Bedrooms | $225K | $230K | +2.2% |
| 4 Bedrooms | $335K | $314K | -6.3% |
| 5+ Bedrooms | $459.9K | $475K | +3.3% |
Summary: Sand Springs housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Southeast Osage | $266.3K | $280K | +5.1% |
| Mannford | $214K | $225K | +5.1% |
| Sapulpa | $200.3K | $208.8K | +4.2% |
| Sand Springs | $234K | $235K | 0.4% |
Housing Supply in Sand Springs, OK
How many homes are available in Sand Springs, OK?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 151 | 158 | +4.6% |
Summary: The Sand Springs real estate market had 158 homes for sale in August 2024, a 4.6% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 101 | 97 | -4.0% |
| 4 Bedrooms | 30 | 35 | +16.7% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Sand Springs housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 39 | 45 | +15.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sand Springs, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Sand Springs in August 2024, up by 15.4% month-over-month. Of the 45 sold homes, 49% were sold under asking, 29% were sold at asking, and 22% were sold over asking.
Days on Market for Sand Springs, OK
How long does it take to sell a home in Sand Springs, OK?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 19 Days | 20 Days | +4.8% |
Summary: Homes in Sand Springs had an average of 20 days on market in Aug 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sand Springs are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 45 homes were sold in Sand Springs; 80% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
