$2,672 Closing Credit*
$225,000
1,181 SqFt
3 Beds
•2 Full Baths
Kevin B. Snow, Listing Office: eXp Realty, LLC
Is The Village, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, The Village has remained a Seller's Market.
Key Takeaway
The Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Village, OK
How much do homes in The Village, OK cost?
Median Sold Price
$228,500
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$10,000(+4.6%)
Key Takeaway
Homes in The Village have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in The Village was $228,500 in September 2024, up 4.6% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $176.2K | +0.7% |
| 3 Bedrooms | $220.9K | $231K | +4.6% |
| 4 Bedrooms | $299K | $319.7K | +6.9% |
| 5+ Bedrooms | $296.5K | $316K | +6.6% |
Summary: The Village housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
| 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 The Village, OK
How many homes are available in The Village, OK?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 79 | 77 | -2.5% |
Summary: The The Village real estate market had 77 homes for sale in September 2024, a 2.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 11 | -26.7% |
| 3 Bedrooms | 57 | 57 | 0.0% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The The Village housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 80%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Village, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in The Village in September 2024, up by 4.5% month-over-month. Of the 23 sold homes, 52% were sold under asking, 30% were sold at asking, and 17% were sold over asking.
Days on Market for The Village, OK
How long does it take to sell a home in The Village, OK?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 13 Days | 23 Days | +75.1% |
Summary: Homes in The Village had an average of 23 days on market in Sep 2024, up by 75.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in The Village are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 23 homes were sold in The Village; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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