Erhardt Group's Market Report

Newcastle, OK 73065

Single-Family Homes

Erhardt Group LLC | homes@erhardtgroup.com | 405-309-7477



Newcastle, OK 73065

Tue Nov 29 2022
This week the median list price for Newcastle, OK 73065 is $383,088 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has decreased to 75. Click here to stay informed with the Newcastle market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Newcastle, OK 73065

Tue Nov 29 2022
This week the median list price for Newcastle, OK 73065 is $383,088 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has decreased to 75. Click here to stay informed with the Newcastle market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Newcastle market.
Median List Price $383,088
Median Price of New Listings $499,771
Per Square Foot $175
Average Days on Market 148
Median Days on Market 154
Price Decreased 57%
Price Increased 4%
Relisted 20%
Inventory 75
Median Rent
Market Action 31
Slight Seller's Advantage

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$539,317 2,889 0.5 - 1 acre 4 3.5 0 2 1 63
$469,101 2,470 0.5 - 1 acre 4 2.5 0 0 1 168
$324,990 2,082 8,000 - 10,000 sqft 4 2.5 0 1 0 182
$269,990 1,689 6,500 - 8,000 sqft 3 2 0 0 2 182