Is Edmond, 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, 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
$356,938
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Edmond have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Edmond was $356,938 in March 2024, up 1.5% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.5K | $148K | -3.0% |
| 2 Bedrooms | $187K | $206K | +10.2% |
| 3 Bedrooms | $278.1K | $294.2K | +5.8% |
| 4 Bedrooms | $425.3K | $423.2K | -0.5% |
| 5+ Bedrooms | $630.6K | $587.9K | -6.8% |
Summary: Edmond housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Northwest | $330.5K | $340.1K | +2.9% |
| Edmond | $351.6K | $356.9K | +1.5% |
| Guthrie | $260.6K | $264.7K | +1.5% |
| Oklahoma City Northeast | $485.6K | $441K | -9.2% |
| Arcadia | $540.5K | $465.6K | -13.8% |
Housing Supply in Edmond, OK
How many homes are available in Edmond, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,022 | 1,073 | +5.0% |
Summary: The Edmond real estate market had 1,073 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 31 | 33 | +6.5% |
| 3 Bedrooms | 433 | 476 | +9.9% |
| 4 Bedrooms | 455 | 456 | 0.2% |
| 5+ Bedrooms | 103 | 108 | +4.9% |
Summary: The Edmond 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 increased by 6.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 241 | 245 | +1.7% |
Asking Price vs. Sold Price
114 Homes Were Sold
Under Asking
87 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edmond, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.
Summary: A total of 245 homes were sold or pending in Edmond in March 2024, up by 1.7% month-over-month. Of the 245 sold homes, 47% were sold under asking, 36% were sold at asking, and 18% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 34 Days | -1.3% |
Summary: Homes in Edmond had an average of 34 days on market in Mar 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
156 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
30 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 March 2024, 245 homes were sold in Edmond; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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