Is Del City, 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, Del City has remained a Seller's Market.
Key Takeaway
Del City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Del City, OK
How much do homes in Del City, OK cost?
Median Sold Price
$148,300
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Del City have sold for 6% more than they did a year ago.
Summary: The median home sold price in Del City was $148,300 in May 2024, up 6% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $103.1K | $112.5K | +9.1% |
| 3 Bedrooms | $140.5K | $150K | +6.8% |
| 4 Bedrooms | $154K | $177.2K | +15.1% |
| 5+ Bedrooms | $235K | $195.4K | -16.8% |
Summary: Del City 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 9.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Cities
| Del City | $139.9K | $148.3K | +6.0% |
| Midwest City | $167.4K | $177K | +5.8% |
| Oklahoma City Southwest | $210K | $214.9K | +2.4% |
| Oklahoma City | $248.9K | $250K | 0.4% |
Housing Supply in Del City, OK
How many homes are available in Del City, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 84 | 0.0% |
Summary: The Del City real estate market had 84 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 54 | 53 | -1.9% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Del City 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 increased by 7.7%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Del City, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Del City in May 2024, up by 27.3% month-over-month. Of the 28 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Del City, OK
How long does it take to sell a home in Del City, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 16 Days | +6.6% |
Summary: Homes in Del City had an average of 16 days on market in May 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Del City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 28 homes were sold in Del City; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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