Is Downtown, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Downtown was a Seller's Market.
Housing Prices in Downtown, OK
How much do homes in Downtown, OK cost?
Median Sold Price
$420,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Downtown was $420,000 in April 2024, down 15.7% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $226.5K | $254.3K | +12.3% |
2 Bedrooms | $432.5K | $345K | -20.2% |
3 Bedrooms | $670K | $787.5K | +17.5% |
4 Bedrooms | $900K | $1.1M | +25.0% |
5+ Bedrooms | - | $157K | N/A |
Summary: Downtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes decreased by 20.2%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Deep Deuce | $498.5K | $523.7K | +5.1% |
Downtown | $498.5K | $420K | -15.7% |
Housing Supply in Downtown, OK
How many homes are available in Downtown, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 40 | +11.1% |
Summary: The Downtown real estate market had 40 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Downtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Downtown in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown, OK
How long does it take to sell a home in Downtown, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 30 Days | -25.2% |
Summary: Homes in Downtown had an average of 30 days on market in Apr 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Downtown; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.