Is McLoud, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, McLoud has remained a Seller's Market.
Key Takeaway
McLoud is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McLoud, OK
How much do homes in McLoud, OK cost?
Median Sold Price
$240,250
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in McLoud have sold for 20.1% more than they did a year ago.
Summary: The median home sold price in McLoud was $240,250 in May 2024, up 20.1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $150K | +66.7% |
| 2 Bedrooms | $183K | $150K | -18.0% |
| 3 Bedrooms | $210K | $225K | +7.1% |
| 4 Bedrooms | $239.5K | $349.5K | +45.9% |
| 5+ Bedrooms | $322.2K | $420K | +30.3% |
Summary: McLoud housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 18%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 45.9%, and 5+ bedroom homes increased by 30.3%.
Median Sold Price Compared To Nearby Cities
| McLoud | $200K | $240.2K | +20.1% |
| Newalla | $250K | $273.6K | +9.4% |
| Oklahoma City Southeast | $184.1K | $195.8K | +6.4% |
| Oklahoma City | $248.9K | $250K | 0.4% |
Housing Supply in McLoud, OK
How many homes are available in McLoud, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 28 | -12.5% |
Summary: The McLoud real estate market had 28 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 8 | 4 | -50.0% |
| 5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The McLoud housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in McLoud, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in McLoud in May 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 75% were sold at asking, and 13% were sold over asking.
Days on Market for McLoud, OK
How long does it take to sell a home in McLoud, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 85 Days | 37 Days | -56.0% |
Summary: Homes in McLoud had an average of 37 days on market in May 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McLoud are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in McLoud; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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