Is Southeast Oklahoma City, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Southeast Oklahoma City was a Seller's Market.
Key Takeaway
Southeast Oklahoma City 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 Southeast Oklahoma City, OK
How much do homes in Southeast Oklahoma City, OK cost?
Median Sold Price
$281,990
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Southeast Oklahoma City have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Southeast Oklahoma City was $281,990 in March 2024, up 6.4% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | - | N/A |
| 2 Bedrooms | $111K | $157K | +41.4% |
| 3 Bedrooms | $226.1K | $237K | +4.8% |
| 4 Bedrooms | $376.5K | $385K | +2.3% |
| 5+ Bedrooms | $474.9K | $499K | +5.1% |
Summary: Southeast Oklahoma City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in Southeast Oklahoma City, OK
How many homes are available in Southeast Oklahoma City, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 112 | 147 | +31.3% |
Summary: The Southeast Oklahoma City real estate market had 147 homes for sale in March 2024, a 31.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 69 | 78 | +13.0% |
| 4 Bedrooms | 31 | 52 | +67.7% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Southeast Oklahoma City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 67.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Oklahoma City, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Southeast Oklahoma City in March 2024, up by 5.0% month-over-month. Of the 21 sold homes, 43% were sold under asking, 33% were sold at asking, and 24% were sold over asking.
Days on Market for Southeast Oklahoma City, OK
How long does it take to sell a home in Southeast Oklahoma City, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 44 Days | +44.6% |
Summary: Homes in Southeast Oklahoma City had an average of 44 days on market in Mar 2024, up by 44.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Oklahoma City are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in Southeast Oklahoma City; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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