$6,401 Closing Credit*
$539,000
2,998 SqFt
3 Beds
•2 Full Baths, 1 Partial
Allen Ong, Listing Office: Ong Realty Investment
Is Oklahoma City Northwest, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Oklahoma City Northwest has remained a Seller's Market.
Key Takeaway
Oklahoma City Northwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oklahoma City Northwest, OK
How much do homes in Oklahoma City Northwest, OK cost?
Median Sold Price
$344,829
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$13,467(+4.1%)
Key Takeaway
Homes in Oklahoma City Northwest have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Oklahoma City Northwest was $344,829 in September 2024, up 4.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107.5K | $105K | -2.3% |
| 2 Bedrooms | $195K | $204K | +4.6% |
| 3 Bedrooms | $284K | $289.9K | +2.1% |
| 4 Bedrooms | $416.5K | $409.5K | -1.7% |
| 5+ Bedrooms | $585.1K | $579.1K | -1.0% |
Summary: Oklahoma City Northwest housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Northwest | $331.3K | $344.8K | +4.1% |
| Oklahoma City Northeast | $453.7K | $466.3K | +2.8% |
| Oklahoma City Southwest | $211.2K | $215K | +1.8% |
| Edmond | $359.8K | $363.1K | +0.9% |
| Guthrie | $270K | $267.3K | -1.0% |
Housing Supply in Oklahoma City Northwest, OK
How many homes are available in Oklahoma City Northwest, OK?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1,110 | 1,070 | -3.6% |
Summary: The Oklahoma City Northwest real estate market had 1,070 homes for sale in September 2024, a 3.6% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 8 | -38.5% |
| 2 Bedrooms | 28 | 25 | -10.7% |
| 3 Bedrooms | 484 | 475 | -1.9% |
| 4 Bedrooms | 477 | 463 | -2.9% |
| 5+ Bedrooms | 108 | 99 | -8.3% |
Summary: The Oklahoma City Northwest housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 38.5%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 292 | 184 | -37.0% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
75 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oklahoma City Northwest, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.
Summary: A total of 184 homes were sold or pending in Oklahoma City Northwest in September 2024, down by 37.0% month-over-month. Of the 184 sold homes, 48% were sold under asking, 41% were sold at asking, and 11% were sold over asking.
Days on Market for Oklahoma City Northwest, OK
How long does it take to sell a home in Oklahoma City Northwest, OK?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 23 Days | 34 Days | +45.3% |
Summary: Homes in Oklahoma City Northwest had an average of 34 days on market in Sep 2024, up by 45.3% compared to last year.
Breakdown of Home Sale Times
113 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oklahoma City Northwest are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 184 homes were sold in Oklahoma City Northwest; 61% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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