Is Northeast Oklahoma City, 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, Northeast Oklahoma City has remained a Seller's Market.
Housing Prices in Northeast Oklahoma City, OK
How much do homes in Northeast Oklahoma City, OK cost?
Median Sold Price
$298,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northeast Oklahoma City was $298,000 in April 2024, down 9.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259K | $148K | -42.9% |
2 Bedrooms | $183K | $193.4K | +5.7% |
3 Bedrooms | $250K | $234.9K | -6.0% |
4 Bedrooms | $472.5K | $477.4K | +1.0% |
5+ Bedrooms | $1.0M | $850K | -16.0% |
Summary: Northeast Oklahoma City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 5.7%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 16%.
Housing Supply in Northeast Oklahoma City, OK
How many homes are available in Northeast Oklahoma City, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
109 | 118 | +8.3% |
Summary: The Northeast Oklahoma City real estate market had 118 homes for sale in April 2024, a 8.3% 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 | 5 | 5 | 0.0% |
3 Bedrooms | 52 | 54 | +3.8% |
4 Bedrooms | 40 | 44 | +10.0% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Northeast Oklahoma City 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 remained the same, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 29 | -6.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Northeast Oklahoma City in April 2024, down by 6.5% month-over-month. Of the 29 sold homes, 45% were sold under asking, 34% were sold at asking, and 21% were sold over asking.
Days on Market for Northeast Oklahoma City, OK
How long does it take to sell a home in Northeast Oklahoma City, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 25 Days | +34.3% |
Summary: Homes in Northeast Oklahoma City had an average of 25 days on market in Apr 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Northeast Oklahoma City; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.