Is Oklahoma County, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oklahoma County is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Oklahoma County has remained a Seller's Market.

Key Takeaway

Oklahoma County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Oklahoma County, OK

How much do homes in Oklahoma County, OK cost?

Median Sold Price

$255,249

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$5,293(+2.1%)

Key Takeaway

Homes in Oklahoma County have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Oklahoma County was $255,249 in June 2024, up 2.1% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $103K$105K
+1.9%
2 $145K$152.9K
+5.5%
3 $225K$230K
+2.2%
4 $376.1K$369.9K
-1.6%
5+ $520K$519.7K
0%

Summary: Oklahoma County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Oklahoma County
+2.1%
Lincoln County
+1.3%
Canadian County
0.4%
Cleveland County
0.0%
Logan County
-7.3%

Housing Supply in Oklahoma County, OK

How many homes are available in Oklahoma County, OK?

Number of Homes For Sale

May 2024Jun 2024CHANGE
4,1954,221+0.6%

Summary: The Oklahoma County real estate market had 4,221 homes for sale in June 2024, a 0.6% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 5554
-1.8%
2 465450
-3.2%
3 2,0082,032
+1.2%
4 1,3361,353
+1.3%
5+ 331332
0.3%

Summary: The Oklahoma County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 0.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1,088908-16.5%

Asking Price vs. Sold Price

418 Homes Were Sold
Under Asking

313 Homes Were Sold
At Asking

177 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oklahoma County, you may be able to get a good deal. 46% of homes here sold below asking price last month.

Summary: A total of 908 homes were sold or pending in Oklahoma County in June 2024, down by 16.5% month-over-month. Of the 908 sold homes, 46% were sold under asking, 34% were sold at asking, and 19% were sold over asking.

Days on Market for Oklahoma County, OK

How long does it take to sell a home in Oklahoma County, OK?

Average Sale Time

Jun 2023Jun 2024CHANGE
21 Days30 Days+44.8%

Summary: Homes in Oklahoma County had an average of 30 days on market in Jun 2024, up by 44.8% compared to last year.

Breakdown of Home Sale Times

626 Homes Were Sold
Under 30 Days

202 Homes Were Sold
In 30 - 90 Days

80 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oklahoma County are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 908 homes were sold in Oklahoma County; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Oklahoma County, OK

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