$10,000 Closing Credit*
$1,650,000
4,545 SqFt
5 Beds
•5 Full Baths, 2 Partial
Chuck Covington, Listing Office: Covington Company
Is Nichols Hills, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Nichols Hills was a Seller's Market.
Key Takeaway
Nichols Hills is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Nichols Hills, OK
How much do homes in Nichols Hills, OK cost?
Median Sold Price
$765,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$85,000(-10.0%)
Key Takeaway
Homes in Nichols Hills have sold for 10% less than they did a year ago.
Summary: The median home sold price in Nichols Hills was $765,000 in September 2024, down 10% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $240K | 0.0% |
| 2 Bedrooms | $467.2K | $480K | +2.7% |
| 3 Bedrooms | $484.2K | $529K | +9.2% |
| 4 Bedrooms | $1.4M | $1.3M | -9.4% |
| 5+ Bedrooms | $1.6M | $1.9M | +15.2% |
Summary: Nichols Hills housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Cities
| The Village | $218.5K | $228.5K | +4.6% |
| Oklahoma City Southwest | $211.2K | $215K | +1.8% |
| Oklahoma City | $249.6K | $250.3K | 0.2% |
| Nichols Hills | $850K | $765K | -10.0% |
Housing Supply in Nichols Hills, OK
How many homes are available in Nichols Hills, OK?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 41 | 45 | +9.8% |
Summary: The Nichols Hills real estate market had 45 homes for sale in September 2024, a 9.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Nichols Hills housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Nichols Hills, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Nichols Hills in September 2024, down by 12.5% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 61 Days | 33 Days | -46.0% |
Summary: Homes in Nichols Hills had an average of 33 days on market in Sep 2024, down by 46% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Nichols Hills are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 7 homes were sold in Nichols Hills; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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