Is Newcastle, 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, Newcastle has remained a Seller's Market.
Key Takeaway
Newcastle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newcastle, OK
How much do homes in Newcastle, OK cost?
Median Sold Price
$287,995
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Newcastle have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Newcastle was $287,995 in April 2024, up 2.9% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $179K | N/A |
| 2 Bedrooms | $152.5K | $258.5K | +69.5% |
| 3 Bedrooms | $263.8K | $260K | -1.5% |
| 4 Bedrooms | $318.9K | $355K | +11.3% |
| 5+ Bedrooms | $490K | $443.7K | -9.4% |
Summary: Newcastle 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 69.5%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Goldsby | $429.9K | $520K | +20.9% |
| Blanchard | $308K | $325.6K | +5.7% |
| Newcastle-Blanchard | $280.6K | $293.6K | +4.6% |
| Newcastle | $280K | $287.9K | +2.9% |
Housing Supply in Newcastle, OK
How many homes are available in Newcastle, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 101 | 105 | +4.0% |
Summary: The Newcastle real estate market had 105 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 46 | 48 | +4.3% |
| 4 Bedrooms | 47 | 51 | +8.5% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Newcastle housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newcastle, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Newcastle in April 2024, up by 5.0% month-over-month. Of the 21 sold homes, 19% were sold under asking, 38% were sold at asking, and 43% were sold over asking.
Days on Market for Newcastle, OK
How long does it take to sell a home in Newcastle, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 30 Days | +6.6% |
Summary: Homes in Newcastle had an average of 30 days on market in Apr 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Newcastle are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Newcastle; 62% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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