Is Warr Acres, 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, Warr Acres has remained a Seller's Market.
Housing Prices in Warr Acres, OK
How much do homes in Warr Acres, OK cost?
Median Sold Price
$200,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Warr Acres was $200,000 in May 2024, up 10.2% 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 | $93.7K | $50K | -46.7% |
2 Bedrooms | $111K | $115K | +3.6% |
3 Bedrooms | $175.1K | $200K | +14.2% |
4 Bedrooms | $255K | $241.2K | -5.4% |
5+ Bedrooms | $217.4K | $271.1K | +24.7% |
Summary: Warr Acres housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.7%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 24.7%.
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 Warr Acres, OK
How many homes are available in Warr Acres, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 35 | -7.9% |
Summary: The Warr Acres real estate market had 35 homes for sale in May 2024, a 7.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 11 | 8 | -27.3% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Warr Acres 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 16.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Warr Acres in May 2024, up by 33.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Warr Acres, OK
How long does it take to sell a home in Warr Acres, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 20 Days | +51.3% |
Summary: Homes in Warr Acres had an average of 20 days on market in May 2024, up by 51.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Warr Acres; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.