Is Oklahoma City, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$250,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oklahoma City was $250,000 in March 2024, up 2% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $99.7K | +10.8% |
2 Bedrooms | $145K | $150K | +3.4% |
3 Bedrooms | $228.8K | $231.3K | +1.1% |
4 Bedrooms | $334.7K | $335.8K | 0.3% |
5+ Bedrooms | $451.5K | $449.9K | -0.4% |
Summary: Oklahoma City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Del City | $135K | $145.6K | +7.9% |
Oklahoma City Southwest | $209.8K | $215K | +2.5% |
Oklahoma City | $245K | $250K | +2.0% |
Housing Supply in Oklahoma City, OK
How many homes are available in Oklahoma City, OK?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3,267 | 3,585 | +9.7% |
Summary: The Oklahoma City real estate market had 3,585 homes for sale in March 2024, a 9.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 43 | 40 | -7.0% |
2 Bedrooms | 317 | 356 | +12.3% |
3 Bedrooms | 1,733 | 1,873 | +8.1% |
4 Bedrooms | 1,013 | 1,129 | +11.5% |
5+ Bedrooms | 161 | 187 | +16.1% |
Summary: The Oklahoma City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 16.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
690 | 800 | +15.9% |
Asking Price vs. Sold Price
375 Homes Were Sold
Under Asking
270 Homes Were Sold
At Asking
155 Homes Were Sold
Over Asking
Summary: A total of 800 homes were sold or pending in Oklahoma City in March 2024, up by 15.9% month-over-month. Of the 800 sold homes, 47% were sold under asking, 34% were sold at asking, and 19% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 41 Days | +21.6% |
Summary: Homes in Oklahoma City had an average of 41 days on market in Mar 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
488 Homes Were Sold
Under 30 Days
201 Homes Were Sold
In 30 - 90 Days
111 Homes Were Sold
Over 90 Days
Summary: During March 2024, 800 homes were sold in Oklahoma City; 61% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.