Is 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, Oklahoma City has remained a Seller's Market.
Housing Prices in Oklahoma City, OK
How much do homes in Oklahoma City, OK cost?
Median Sold Price
$249,996
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oklahoma City was $249,996 in April 2024, up 2.1% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $101K | $99.7K | -1.2% |
2 Bedrooms | $145K | $150K | +3.4% |
3 Bedrooms | $229K | $232K | +1.3% |
4 Bedrooms | $335.1K | $335.9K | 0.3% |
5+ Bedrooms | $443.4K | $451.8K | +1.9% |
Summary: Oklahoma City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
Del City | $135K | $146.7K | +8.7% |
Oklahoma City Southwest | $210K | $215K | +2.4% |
Oklahoma City | $244.9K | $249.9K | +2.1% |
Housing Supply in Oklahoma City, OK
How many homes are available in Oklahoma City, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3,596 | 3,815 | +6.1% |
Summary: The Oklahoma City real estate market had 3,815 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 35 | 38 | +8.6% |
2 Bedrooms | 346 | 392 | +13.3% |
3 Bedrooms | 1,929 | 1,977 | +2.5% |
4 Bedrooms | 1,107 | 1,190 | +7.5% |
5+ Bedrooms | 179 | 218 | +21.8% |
Summary: The Oklahoma City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 21.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
886 | 877 | -1.0% |
Asking Price vs. Sold Price
371 Homes Were Sold
Under Asking
327 Homes Were Sold
At Asking
179 Homes Were Sold
Over Asking
Summary: A total of 877 homes were sold or pending in Oklahoma City in April 2024, down by 1.0% month-over-month. Of the 877 sold homes, 42% were sold under asking, 37% were sold at asking, and 20% were sold over asking.
Days on Market for Oklahoma City, OK
How long does it take to sell a home in Oklahoma City, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 36 Days | +24.1% |
Summary: Homes in Oklahoma City had an average of 36 days on market in Apr 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
579 Homes Were Sold
Under 30 Days
201 Homes Were Sold
In 30 - 90 Days
97 Homes Were Sold
Over 90 Days
Summary: During April 2024, 877 homes were sold in Oklahoma City; 66% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.