Is Nichols Hills, 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, Nichols Hills has remained a Seller's Market.
Housing Prices in Nichols Hills, OK
How much do homes in Nichols Hills, OK cost?
Median Sold Price
$822,500
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Nichols Hills was $822,500 in March 2024, up 8.9% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $240K | 0.0% |
2 Bedrooms | $574.5K | $452.9K | -21.2% |
3 Bedrooms | $572K | $482K | -15.7% |
4 Bedrooms | $1.2M | $1.2M | -5.4% |
5+ Bedrooms | $1.6M | $2.0M | +22.1% |
Summary: Nichols Hills 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 decreased by 21.2%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 22.1%.
Median Sold Price Compared To Nearby Cities
Nichols Hills | $755K | $822.5K | +8.9% |
Oklahoma City Southwest | $209.8K | $215K | +2.5% |
Oklahoma City | $245K | $250K | +2.0% |
The Village | $220K | $220K | 0.0% |
Housing Supply in Nichols Hills, OK
How many homes are available in Nichols Hills, OK?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 32 | 0.0% |
Summary: The Nichols Hills real estate market had 32 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Nichols Hills 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 decreased by 16.7%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 10 | +233.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Nichols Hills in March 2024, up by 233.3% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Nichols Hills, OK
How long does it take to sell a home in Nichols Hills, OK?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 46 Days | -5.2% |
Summary: Homes in Nichols Hills had an average of 46 days on market in Mar 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Nichols Hills; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.