Is McAlester, 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, McAlester has remained a Seller's Market.
Key Takeaway
McAlester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McAlester, OK
How much do homes in McAlester, OK cost?
Median Sold Price
$155,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in McAlester have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in McAlester was $155,000 in April 2024, up 3.4% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $41K | - | N/A |
| 2 Bedrooms | $65.4K | $101K | +54.2% |
| 3 Bedrooms | $159K | $159.9K | +0.6% |
| 4 Bedrooms | $285.3K | $256.9K | -10.0% |
| 5+ Bedrooms | $332.5K | $475K | +42.9% |
Summary: McAlester housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 54.2%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 42.9%.
Housing Supply in McAlester, OK
How many homes are available in McAlester, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 124 | 138 | +11.3% |
Summary: The McAlester real estate market had 138 homes for sale in April 2024, a 11.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 73 | 82 | +12.3% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The McAlester housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 12.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McAlester, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in McAlester in April 2024, down by 4.0% month-over-month. Of the 24 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for McAlester, OK
How long does it take to sell a home in McAlester, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 47 Days | +9.5% |
Summary: Homes in McAlester had an average of 47 days on market in Apr 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McAlester are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in McAlester; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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