Is Edmond, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Edmond has remained a Seller's Market.
Key Takeaway
Edmond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edmond, OK
How much do homes in Edmond, OK cost?
Median Sold Price
$360,265
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Edmond have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Edmond was $360,265 in November 2023, up 2.6% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.5K | $148K | -3.0% |
| 2 Bedrooms | $183K | $206K | +12.6% |
| 3 Bedrooms | $275.1K | $291.7K | +6.0% |
| 4 Bedrooms | $423.9K | $430.1K | +1.5% |
| 5+ Bedrooms | $635K | $589.9K | -7.1% |
Summary: Edmond housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Guthrie | $244.2K | $264.9K | +8.5% |
| Oklahoma City Northwest | $327.3K | $336.8K | +2.9% |
| Edmond | $351.2K | $360.2K | +2.6% |
| Oklahoma City Northeast | $464.9K | $460.9K | -0.9% |
Housing Supply in Edmond, OK
How many homes are available in Edmond, OK?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 1,108 | 1,063 | -4.1% |
Summary: The Edmond real estate market had 1,063 homes for sale in November 2023, a 4.1% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 35 | 36 | +2.9% |
| 3 Bedrooms | 477 | 456 | -4.4% |
| 4 Bedrooms | 495 | 471 | -4.8% |
| 5+ Bedrooms | 100 | 99 | -1.0% |
Summary: The Edmond housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 1%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 256 | 198 | -22.7% |
Asking Price vs. Sold Price
100 Homes Were Sold
Under Asking
71 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edmond, you may be able to get a good deal. 50.5% of homes here sold below asking price last month.
Summary: A total of 198 homes were sold or pending in Edmond in November 2023, down by 22.7% month-over-month. Of the 198 sold homes, 51% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for Edmond, OK
How long does it take to sell a home in Edmond, OK?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 22 Days | 39 Days | +75.0% |
Summary: Homes in Edmond had an average of 39 days on market in Nov 2023, up by 75% compared to last year.
Breakdown of Home Sale Times
117 Homes Were Sold
Under 30 Days
58 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edmond are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 198 homes were sold in Edmond; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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