Is Oklahoma City Southeast, 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 Southeast has remained a Seller's Market.
Housing Prices in Oklahoma City Southeast, OK
How much do homes in Oklahoma City Southeast, OK cost?
Median Sold Price
$195,432
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oklahoma City Southeast was $195,432 in April 2024, up 6.2% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $83.7K | -23.9% |
2 Bedrooms | $109K | $112.5K | +3.2% |
3 Bedrooms | $178.2K | $189.8K | +6.5% |
4 Bedrooms | $258.7K | $270.2K | +4.4% |
5+ Bedrooms | $351.5K | $380.5K | +8.3% |
Summary: Oklahoma City Southeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.9%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
Choctaw | $290K | $313.5K | +8.1% |
Oklahoma City Southeast | $184K | $195.4K | +6.2% |
Midwest City | $164.9K | $175K | +6.1% |
Spencer | $145K | $152.5K | +5.2% |
Nicoma Park | $207.2K | $216.9K | +4.7% |
Housing Supply in Oklahoma City Southeast, OK
How many homes are available in Oklahoma City Southeast, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
636 | 632 | -0.6% |
Summary: The Oklahoma City Southeast real estate market had 632 homes for sale in April 2024, a 0.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 44 | 45 | +2.3% |
3 Bedrooms | 420 | 395 | -6.0% |
4 Bedrooms | 155 | 165 | +6.5% |
5+ Bedrooms | 15 | 23 | +53.3% |
Summary: The Oklahoma City Southeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 53.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
156 | 169 | +8.3% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 169 homes were sold or pending in Oklahoma City Southeast in April 2024, up by 8.3% month-over-month. Of the 169 sold homes, 42% were sold under asking, 37% were sold at asking, and 21% were sold over asking.
Days on Market for Oklahoma City Southeast, OK
How long does it take to sell a home in Oklahoma City Southeast, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 35 Days | +34.3% |
Summary: Homes in Oklahoma City Southeast had an average of 35 days on market in Apr 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
103 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 169 homes were sold in Oklahoma City Southeast; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.