Is Bethany, 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, Bethany has remained a Seller's Market.
Key Takeaway
Bethany is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bethany, OK
How much do homes in Bethany, OK cost?
Median Sold Price
$185,000
$130/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Bethany has remained the same since last year.
Summary: The median home sold price in Bethany was $185,000 in May 2024, the same as last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.5K | $172K | +78.2% |
| 2 Bedrooms | $117K | $130.5K | +11.5% |
| 3 Bedrooms | $184.7K | $185.2K | 0.3% |
| 4 Bedrooms | $227.5K | $261.5K | +15.0% |
| 5+ Bedrooms | $225K | $222.5K | -1.1% |
Summary: Bethany housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.2%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Warr Acres | $181.5K | $200K | +10.2% |
| Oklahoma City Southwest | $210K | $214.9K | +2.4% |
| Oklahoma City | $248.9K | $250K | 0.4% |
| Bethany | $185K | $185K | 0.0% |
Housing Supply in Bethany, OK
How many homes are available in Bethany, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 63 | -6.0% |
Summary: The Bethany real estate market had 63 homes for sale in May 2024, a 6.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 42 | 37 | -11.9% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bethany housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 19 | -32.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bethany, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Bethany in May 2024, down by 32.1% month-over-month. Of the 19 sold homes, 42% were sold under asking, 37% were sold at asking, and 21% were sold over asking.
Days on Market for Bethany, OK
How long does it take to sell a home in Bethany, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 36 Days | +195.6% |
Summary: Homes in Bethany had an average of 36 days on market in May 2024, up by 195.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bethany are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Bethany; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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