Is Del 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, Del City has remained a Seller's Market.
Key Takeaway
Del City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Del City, OK
How much do homes in Del City, OK cost?
Median Sold Price
$145,666
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Del City have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Del City was $145,666 in March 2024, up 7.9% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $101.5K | $107K | +5.4% |
| 3 Bedrooms | $138.5K | $148K | +6.9% |
| 4 Bedrooms | $144.5K | $188.7K | +30.7% |
| 5+ Bedrooms | $232K | $195.4K | -15.8% |
Summary: Del City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 30.7%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Cities
| Del City | $135K | $145.6K | +7.9% |
| Oklahoma City Southwest | $209.8K | $215K | +2.5% |
| Midwest City | $166.2K | $170K | +2.3% |
| Oklahoma City | $245K | $250K | +2.0% |
Housing Supply in Del City, OK
How many homes are available in Del City, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 80 | 76 | -5.0% |
Summary: The Del City real estate market had 76 homes for sale in March 2024, a 5.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 58 | 53 | -8.6% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Del City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 24 | +26.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Del City, 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 Del City in March 2024, up by 26.3% month-over-month. Of the 24 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for Del City, OK
How long does it take to sell a home in Del City, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 44 Days | +75.4% |
Summary: Homes in Del City had an average of 44 days on market in Mar 2024, up by 75.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Del City are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in Del City; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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