Is Northwest Oklahoma 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, Northwest Oklahoma City has remained a Seller's Market.
Housing Prices in Northwest Oklahoma City, OK
How much do homes in Northwest Oklahoma City, OK cost?
Median Sold Price
$303,964
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northwest Oklahoma City was $303,964 in April 2024, up 4.8% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $99K | $100K | +1.0% |
2 Bedrooms | $177K | $184K | +4.0% |
3 Bedrooms | $260.1K | $273K | +4.9% |
4 Bedrooms | $354.7K | $361.7K | +2.0% |
5+ Bedrooms | $459.5K | $489.7K | +6.6% |
Summary: Northwest Oklahoma City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Neighborhoods
Northwest Oklahoma City | $289.9K | $303.9K | +4.8% |
Glenhurst | $380K | $388K | +2.1% |
Housing Supply in Northwest Oklahoma City, OK
How many homes are available in Northwest Oklahoma City, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,146 | 1,212 | +5.8% |
Summary: The Northwest Oklahoma City real estate market had 1,212 homes for sale in April 2024, a 5.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 7 | -22.2% |
2 Bedrooms | 50 | 61 | +22.0% |
3 Bedrooms | 552 | 585 | +6.0% |
4 Bedrooms | 470 | 486 | +3.4% |
5+ Bedrooms | 65 | 73 | +12.3% |
Summary: The Northwest Oklahoma City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 12.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
287 | 286 | -0.3% |
Asking Price vs. Sold Price
118 Homes Were Sold
Under Asking
114 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Summary: A total of 286 homes were sold or pending in Northwest Oklahoma City in April 2024, down by 0.3% month-over-month. Of the 286 sold homes, 41% were sold under asking, 40% were sold at asking, and 19% were sold over asking.
Days on Market for Northwest Oklahoma City, OK
How long does it take to sell a home in Northwest Oklahoma City, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 41 Days | +19.8% |
Summary: Homes in Northwest Oklahoma City had an average of 41 days on market in Apr 2024, up by 19.8% compared to last year.
Breakdown of Home Sale Times
189 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Summary: During April 2024, 286 homes were sold in Northwest Oklahoma City; 66% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.