Is The Village, 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, The Village has remained a Seller's Market.
Key Takeaway
The Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Village, OK
How much do homes in The Village, OK cost?
Median Sold Price
$223,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in The Village have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in The Village was $223,000 in May 2024, up 1.4% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $182.7K | +7.5% |
| 3 Bedrooms | $220.2K | $226.7K | +3.0% |
| 4 Bedrooms | $269K | $336K | +24.9% |
| 5+ Bedrooms | - | $187.1K | N/A |
Summary: The Village 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 7.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 24.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Southwest | $210K | $214.9K | +2.4% |
| The Village | $220K | $223K | +1.4% |
| Oklahoma City | $248.9K | $250K | 0.4% |
Housing Supply in The Village, OK
How many homes are available in The Village, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 70 | +22.8% |
Summary: The The Village real estate market had 70 homes for sale in May 2024, a 22.8% 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 | 6 | 13 | +116.7% |
| 3 Bedrooms | 45 | 51 | +13.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Village 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 116.7%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Village, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in The Village in May 2024, up by 33.3% month-over-month. Of the 24 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for The Village, OK
How long does it take to sell a home in The Village, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 13 Days | -19.8% |
Summary: Homes in The Village had an average of 13 days on market in May 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Village are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in The Village; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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