Is Midwest City, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Midwest City has remained a Seller's Market.
Key Takeaway
Midwest City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Midwest City, OK
How much do homes in Midwest City, OK cost?
Median Sold Price
$175,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Midwest City have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Midwest City was $175,000 in April 2024, up 6.1% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $83.7K | -6.9% |
| 2 Bedrooms | $111.4K | $113K | +1.3% |
| 3 Bedrooms | $169.9K | $177.5K | +4.5% |
| 4 Bedrooms | $217.9K | $220.4K | +1.2% |
| 5+ Bedrooms | $285K | $235K | -17.5% |
Summary: Midwest City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 17.5%.
Median Sold Price Compared To Nearby Cities
| Choctaw | $290K | $313.5K | +8.1% |
| Oklahoma City Southeast | $184K | $195.4K | +6.2% |
| Midwest City | $164.9K | $175K | +6.1% |
| Spencer | $145K | $152.5K | +5.2% |
| Nicoma Park | $207.2K | $216.9K | +4.7% |
Housing Supply in Midwest City, OK
How many homes are available in Midwest City, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 255 | 244 | -4.3% |
Summary: The Midwest City real estate market had 244 homes for sale in April 2024, a 4.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 176 | 163 | -7.4% |
| 4 Bedrooms | 50 | 48 | -4.0% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Midwest City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 70 | +9.4% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midwest City, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in Midwest City in April 2024, up by 9.4% month-over-month. Of the 70 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for Midwest City, OK
How long does it take to sell a home in Midwest City, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 34 Days | +97.7% |
Summary: Homes in Midwest City had an average of 34 days on market in Apr 2024, up by 97.7% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midwest City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 70 homes were sold in Midwest City; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 