Is South Peoria, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Peoria has remained a Seller's Market.
Key Takeaway
South Peoria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Peoria, OK
How much do homes in South Peoria, OK cost?
Median Sold Price
$187,666
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Peoria have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in South Peoria was $187,666 in April 2024, up 10.4% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39.1K | $45K | +15.1% |
| 2 Bedrooms | $100K | $105K | +5.0% |
| 3 Bedrooms | $190K | $215.9K | +13.6% |
| 4 Bedrooms | $320K | $320K | 0.0% |
| 5+ Bedrooms | $455K | $533.7K | +17.3% |
Summary: South Peoria housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Neighborhoods
| South Peoria | $170K | $187.6K | +10.4% |
| Heller Park | $199K | $219K | +10.1% |
| Riverwood Sustainability Network | $50K | $54.2K | +8.5% |
Housing Supply in South Peoria, OK
How many homes are available in South Peoria, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 74 | 94 | +27.0% |
Summary: The South Peoria real estate market had 94 homes for sale in April 2024, a 27.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 16 | +14.3% |
| 2 Bedrooms | 19 | 22 | +15.8% |
| 3 Bedrooms | 28 | 37 | +32.1% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The South Peoria housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 22 | +69.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Peoria, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in South Peoria in April 2024, up by 69.2% month-over-month. Of the 22 sold homes, 41% were sold under asking, 23% were sold at asking, and 36% were sold over asking.
Days on Market for South Peoria, OK
How long does it take to sell a home in South Peoria, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 31 Days | +21.6% |
Summary: Homes in South Peoria had an average of 31 days on market in Apr 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Peoria are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in South Peoria; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
