Is Sayre, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sayre has remained a Seller's Market.
Key Takeaway
Sayre is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sayre, OK
How much do homes in Sayre, OK cost?
Median Sold Price
$139,000
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sayre have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Sayre was $139,000 in May 2024, down 1.4% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $53.5K | N/A |
| 2 Bedrooms | $58K | $65K | +12.1% |
| 3 Bedrooms | $153K | $139.5K | -8.8% |
| 4 Bedrooms | $169K | $262.5K | +55.3% |
| 5+ Bedrooms | - | $207K | N/A |
Summary: Sayre housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.1%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 55.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elk City | $162.5K | $175.5K | +8.0% |
| Sayre | $141K | $139K | -1.4% |
Housing Supply in Sayre, OK
How many homes are available in Sayre, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Summary: The Sayre real estate market had 30 homes for sale in May 2024, a 9.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sayre housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sayre, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Sayre in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Sayre, OK
How long does it take to sell a home in Sayre, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 212 Days | 123 Days | -41.8% |
Summary: Homes in Sayre had an average of 123 days on market in May 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Sayre are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 6 homes were sold in Sayre; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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