Is Southwest 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, Southwest Oklahoma City has remained a Seller's Market.
Housing Prices in Southwest Oklahoma City, OK
How much do homes in Southwest Oklahoma City, OK cost?
Median Sold Price
$269,859
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southwest Oklahoma City was $269,859 in April 2024, up 3.4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $224.9K | $123.7K | -45.0% |
2 Bedrooms | $157.5K | $165K | +4.8% |
3 Bedrooms | $235K | $242.7K | +3.3% |
4 Bedrooms | $330.6K | $328.7K | -0.6% |
5+ Bedrooms | $427.8K | $399.9K | -6.5% |
Summary: Southwest Oklahoma City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 6.5%.
Housing Supply in Southwest Oklahoma City, OK
How many homes are available in Southwest Oklahoma City, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
654 | 700 | +7.0% |
Summary: The Southwest Oklahoma City real estate market had 700 homes for sale in April 2024, a 7.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 355 | 362 | +2.0% |
4 Bedrooms | 251 | 283 | +12.7% |
5+ Bedrooms | 35 | 41 | +17.1% |
Summary: The Southwest Oklahoma City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 17.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
142 | 162 | +14.1% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
73 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 162 homes were sold or pending in Southwest Oklahoma City in April 2024, up by 14.1% month-over-month. Of the 162 sold homes, 36% were sold under asking, 45% were sold at asking, and 19% were sold over asking.
Days on Market for Southwest Oklahoma City, OK
How long does it take to sell a home in Southwest Oklahoma City, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 51 Days | +23.0% |
Summary: Homes in Southwest Oklahoma City had an average of 51 days on market in Apr 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
94 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Summary: During April 2024, 162 homes were sold in Southwest Oklahoma City; 58% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.