Is Oklahoma City Northeast, 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, Oklahoma City Northeast has remained a Seller's Market.
Housing Prices in Oklahoma City Northeast, OK
How much do homes in Oklahoma City Northeast, OK cost?
Median Sold Price
$451,979
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oklahoma City Northeast was $451,979 in April 2024, down 4.8% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259K | $280K | +8.1% |
2 Bedrooms | $245K | $291.2K | +18.9% |
3 Bedrooms | $334.9K | $364.8K | +8.9% |
4 Bedrooms | $563.2K | $521.7K | -7.4% |
5+ Bedrooms | $1.0M | $645.7K | -35.4% |
Summary: Oklahoma City Northeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 35.4%.
Median Sold Price Compared To Nearby Cities
Jones | $400.2K | $413.2K | +3.3% |
Edmond | $353.1K | $357K | +1.1% |
Oklahoma City Northeast | $475K | $451.9K | -4.8% |
Arcadia | $540.5K | $468.7K | -13.3% |
Housing Supply in Oklahoma City Northeast, OK
How many homes are available in Oklahoma City Northeast, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
201 | 246 | +22.4% |
Summary: The Oklahoma City Northeast real estate market had 246 homes for sale in April 2024, a 22.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 5 | +400.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 75 | 82 | +9.3% |
4 Bedrooms | 86 | 105 | +22.1% |
5+ Bedrooms | 31 | 45 | +45.2% |
Summary: The Oklahoma City Northeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 400%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 45.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 44 | +57.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Oklahoma City Northeast in April 2024, up by 57.1% month-over-month. Of the 44 sold homes, 48% were sold under asking, 48% were sold at asking, and 5% were sold over asking.
Days on Market for Oklahoma City Northeast, OK
How long does it take to sell a home in Oklahoma City Northeast, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 46 Days | -1.6% |
Summary: Homes in Oklahoma City Northeast had an average of 46 days on market in Apr 2024, down by 1.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 44 homes were sold in Oklahoma City Northeast; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.