Is Central Oklahoma City, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Central Oklahoma City has remained a Seller's Market.
Housing Prices in Central Oklahoma City, OK
How much do homes in Central Oklahoma City, OK cost?
Median Sold Price
$193,200
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Central Oklahoma City was $193,200 in March 2024, up 2.1% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102.5K | $97.4K | -4.9% |
2 Bedrooms | $142.5K | $147.9K | +3.9% |
3 Bedrooms | $192K | $195K | +1.5% |
4 Bedrooms | $269.6K | $273.6K | +1.5% |
5+ Bedrooms | $409.7K | $325K | -20.7% |
Summary: Central Oklahoma City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 20.7%.
Median Sold Price Compared To Nearby Neighborhoods
Central Oklahoma City | $189.2K | $193.2K | +2.1% |
Pennsylvania Place | $278K | $194.5K | -30.0% |
Housing Supply in Central Oklahoma City, OK
How many homes are available in Central Oklahoma City, OK?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,056 | 1,173 | +11.1% |
Summary: The Central Oklahoma City real estate market had 1,173 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 26 | -3.7% |
2 Bedrooms | 244 | 260 | +6.6% |
3 Bedrooms | 553 | 620 | +12.1% |
4 Bedrooms | 190 | 220 | +15.8% |
5+ Bedrooms | 42 | 47 | +11.9% |
Summary: The Central Oklahoma City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 11.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
217 | 282 | +30.0% |
Asking Price vs. Sold Price
148 Homes Were Sold
Under Asking
71 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Summary: A total of 282 homes were sold or pending in Central Oklahoma City in March 2024, up by 30.0% month-over-month. Of the 282 sold homes, 52% were sold under asking, 25% were sold at asking, and 22% were sold over asking.
Days on Market for Central Oklahoma City, OK
How long does it take to sell a home in Central Oklahoma City, OK?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 32 Days | +18.9% |
Summary: Homes in Central Oklahoma City had an average of 32 days on market in Mar 2024, up by 18.9% compared to last year.
Breakdown of Home Sale Times
191 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During March 2024, 282 homes were sold in Central Oklahoma City; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.