Is Kingsridge, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Kingsridge was a Seller's Market.
Key Takeaway
Kingsridge is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kingsridge, OK
How much do homes in Kingsridge, OK cost?
Median Sold Price
$253,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kingsridge have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Kingsridge was $253,000 in May 2024, up 1.6% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $306K | - | N/A |
| 3 Bedrooms | $230.4K | $246.6K | +7.0% |
| 4 Bedrooms | $283.7K | $286K | +0.8% |
| 5+ Bedrooms | $360K | $775K | +115.3% |
Summary: Kingsridge 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 did not change, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 115.3%.
Median Sold Price Compared To Nearby Neighborhoods
| South Oklahoma City | $241.3K | $249.2K | +3.3% |
| Kingsridge | $249K | $253K | +1.6% |
| Greenbriar Kingspark | $250K | $238.7K | -4.5% |
Housing Supply in Kingsridge, OK
How many homes are available in Kingsridge, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Summary: The Kingsridge real estate market had 14 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Kingsridge 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 remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kingsridge, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Kingsridge in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Kingsridge, OK
How long does it take to sell a home in Kingsridge, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 5 Days | -57.7% |
Summary: Homes in Kingsridge had an average of 5 days on market in May 2024, down by 57.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kingsridge are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Kingsridge; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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