$3,028 Closing Credit*
$255,000
1,451 SqFt
2 Beds
•2 Full Baths
Faye Smith, Listing Office: Smith & Co Property Group
Is Oklahoma City Southwest, 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, Oklahoma City Southwest was a Seller's Market.
Key Takeaway
Oklahoma City Southwest 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 Oklahoma City Southwest, OK
How much do homes in Oklahoma City Southwest, OK cost?
Median Sold Price
$215,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$3,736(+1.8%)
Key Takeaway
Homes in Oklahoma City Southwest have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Oklahoma City Southwest was $215,000 in September 2024, up 1.8% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.7K | $100K | +1.3% |
| 2 Bedrooms | $149.9K | $154.7K | +3.2% |
| 3 Bedrooms | $207.2K | $214.8K | +3.7% |
| 4 Bedrooms | $290K | $293.5K | +1.2% |
| 5+ Bedrooms | $385K | $345K | -10.4% |
Summary: Oklahoma City Southwest housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Warr Acres | $180K | $200.5K | +11.4% |
| 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 Oklahoma City Southwest, OK
How many homes are available in Oklahoma City Southwest, OK?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1,873 | 1,963 | +4.8% |
Summary: The Oklahoma City Southwest real estate market had 1,963 homes for sale in September 2024, a 4.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 36 | +20.0% |
| 2 Bedrooms | 333 | 330 | -0.9% |
| 3 Bedrooms | 986 | 1,048 | +6.3% |
| 4 Bedrooms | 400 | 425 | +6.3% |
| 5+ Bedrooms | 124 | 124 | 0.0% |
Summary: The Oklahoma City Southwest housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 433 | 319 | -26.3% |
Asking Price vs. Sold Price
170 Homes Were Sold
Under Asking
87 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oklahoma City Southwest, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 319 homes were sold or pending in Oklahoma City Southwest in September 2024, down by 26.3% month-over-month. Of the 319 sold homes, 53% were sold under asking, 27% were sold at asking, and 19% were sold over asking.
Days on Market for Oklahoma City Southwest, OK
How long does it take to sell a home in Oklahoma City Southwest, OK?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 25 Days | 28 Days | +10.8% |
Summary: Homes in Oklahoma City Southwest had an average of 28 days on market in Sep 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
221 Homes Were Sold
Under 30 Days
70 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oklahoma City Southwest are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 319 homes were sold in Oklahoma City Southwest; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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