Is The Village, 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, 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
$220,000
$168/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in The Village has remained the same since last year.
Summary: The median home sold price in The Village was $220,000 in March 2024, the same as last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $167.5K | $170.5K | +1.8% |
| 3 Bedrooms | $220.5K | $225K | +2.0% |
| 4 Bedrooms | $264K | $319.7K | +21.1% |
| 5+ Bedrooms | - | $187.1K | N/A |
Summary: The Village housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Nichols Hills | $755K | $822.5K | +8.9% |
| Oklahoma City Southwest | $209.8K | $215K | +2.5% |
| Oklahoma City | $245K | $250K | +2.0% |
| The Village | $220K | $220K | 0.0% |
Housing Supply in The Village, OK
How many homes are available in The Village, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 57 | +11.8% |
Summary: The The Village real estate market had 57 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 39 | 47 | +20.5% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Village housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 21 | +75.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 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. 52.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in The Village in March 2024, up by 75.0% month-over-month. Of the 21 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 31 Days | +84.0% |
Summary: Homes in The Village had an average of 31 days on market in Mar 2024, up by 84% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Village are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in The Village; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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