Is Ardmore, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Ardmore was a Seller's Market.
Key Takeaway
Ardmore is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ardmore, OK
How much do homes in Ardmore, OK cost?
Median Sold Price
$191,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ardmore have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in Ardmore was $191,000 in March 2024, up 22.2% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $94.5K | +26.0% |
| 2 Bedrooms | $80K | $108K | +35.0% |
| 3 Bedrooms | $172.5K | $218.5K | +26.7% |
| 4 Bedrooms | $234.3K | $268.7K | +14.7% |
| 5+ Bedrooms | $377.5K | $246K | -34.8% |
Summary: Ardmore housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes decreased by 34.8%.
Housing Supply in Ardmore, OK
How many homes are available in Ardmore, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 201 | 200 | -0.5% |
Summary: The Ardmore real estate market had 200 homes for sale in March 2024, a 0.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 48 | 44 | -8.3% |
| 3 Bedrooms | 106 | 103 | -2.8% |
| 4 Bedrooms | 33 | 40 | +21.2% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Ardmore housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ardmore, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Ardmore in March 2024, up by 7.7% month-over-month. Of the 28 sold homes, 71% were sold under asking, 18% were sold at asking, and 11% were sold over asking.
Days on Market for Ardmore, OK
How long does it take to sell a home in Ardmore, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 59 Days | +8.2% |
Summary: Homes in Ardmore had an average of 59 days on market in Mar 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ardmore are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in Ardmore; 46% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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