Is Moore, 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, Moore has remained a Seller's Market.
Key Takeaway
Moore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moore, OK
How much do homes in Moore, OK cost?
Median Sold Price
$224,100
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Moore have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Moore was $224,100 in April 2024, up 3.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $150K | $173K | +15.3% |
| 3 Bedrooms | $202.1K | $208.2K | +3.0% |
| 4 Bedrooms | $297.6K | $295K | -0.9% |
| 5+ Bedrooms | $379K | $439K | +15.8% |
Summary: Moore 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 15.3%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
| Moore | $216.1K | $224.1K | +3.7% |
| North Cleveland | $244.7K | $250K | +2.1% |
| Norman | $254.8K | $260.1K | +2.1% |
| Oklahoma City | $244.9K | $249.9K | +2.1% |
Housing Supply in Moore, OK
How many homes are available in Moore, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 254 | 268 | +5.5% |
Summary: The Moore real estate market had 268 homes for sale in April 2024, a 5.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 166 | 175 | +5.4% |
| 4 Bedrooms | 69 | 73 | +5.8% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Moore 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 decreased by 12.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 | 70 | -2.8% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moore, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in Moore in April 2024, down by 2.8% month-over-month. Of the 70 sold homes, 49% were sold under asking, 31% were sold at asking, and 20% were sold over asking.
Days on Market for Moore, OK
How long does it take to sell a home in Moore, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 36 Days | +48.8% |
Summary: Homes in Moore had an average of 36 days on market in Apr 2024, up by 48.8% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moore are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 70 homes were sold in Moore; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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