Is Southeast 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, Southeast Oklahoma City has remained a Seller's Market.
Key Takeaway
Southeast Oklahoma City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Oklahoma City, OK
How much do homes in Southeast Oklahoma City, OK cost?
Median Sold Price
$280,333
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southeast Oklahoma City have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Southeast Oklahoma City was $280,333 in April 2024, up 5.4% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $107K | $190K | +77.6% |
| 3 Bedrooms | $225.9K | $238K | +5.3% |
| 4 Bedrooms | $382.9K | $395.9K | +3.4% |
| 5+ Bedrooms | $474.9K | $489.5K | +3.1% |
Summary: Southeast Oklahoma City 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 77.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in Southeast Oklahoma City, OK
How many homes are available in Southeast Oklahoma City, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 145 | 157 | +8.3% |
Summary: The Southeast Oklahoma City real estate market had 157 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 78 | 85 | +9.0% |
| 4 Bedrooms | 52 | 55 | +5.8% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Southeast 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 9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 42 | +75.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Oklahoma City, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Southeast Oklahoma City in April 2024, up by 75.0% month-over-month. Of the 42 sold homes, 45% were sold under asking, 40% were sold at asking, and 14% were sold over asking.
Days on Market for Southeast Oklahoma City, OK
How long does it take to sell a home in Southeast Oklahoma City, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 34 Days | +10.8% |
Summary: Homes in Southeast Oklahoma City had an average of 34 days on market in Apr 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Oklahoma City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 42 homes were sold in Southeast Oklahoma City; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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