Is Sand Springs, 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, 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
$234,500
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sand Springs have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Sand Springs was $234,500 in March 2024, up 9.1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86K | $82.5K | -4.1% |
| 2 Bedrooms | $130K | $135.5K | +4.2% |
| 3 Bedrooms | $207.5K | $225K | +8.4% |
| 4 Bedrooms | $267K | $320.7K | +20.1% |
| 5+ Bedrooms | $285K | $502.5K | +76.3% |
Summary: Sand Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 76.3%.
Median Sold Price Compared To Nearby Cities
| Southeast Osage | $244.2K | $274.7K | +12.5% |
| Sand Springs | $215K | $234.5K | +9.1% |
| Sapulpa | $190K | $205.6K | +8.3% |
| Mannford | $219K | $205K | -6.4% |
Housing Supply in Sand Springs, OK
How many homes are available in Sand Springs, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 104 | 100 | -3.8% |
Summary: The Sand Springs real estate market had 100 homes for sale in March 2024, a 3.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 64 | 66 | +3.1% |
| 4 Bedrooms | 23 | 19 | -17.4% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Sand Springs housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 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. 39.3% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Sand Springs in March 2024, up by 7.7% month-over-month. Of the 28 sold homes, 39% were sold under asking, 32% were sold at asking, and 29% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 37 Days | +20.8% |
Summary: Homes in Sand Springs had an average of 37 days on market in Mar 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sand Springs are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in Sand Springs; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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