Is Central 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, Central Oklahoma City has remained a Seller's Market.
Housing Prices in Central Oklahoma City, OK
How much do homes in Central Oklahoma City, OK cost?
Median Sold Price
$192,900
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central Oklahoma City was $192,900 in April 2024, up 1.6% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117K | $91.9K | -21.5% |
2 Bedrooms | $143.3K | $149.6K | +4.4% |
3 Bedrooms | $193K | $194.9K | +1.0% |
4 Bedrooms | $271.9K | $275K | +1.1% |
5+ Bedrooms | $382K | $316.5K | -17.1% |
Summary: Central Oklahoma City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.5%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 17.1%.
Median Sold Price Compared To Nearby Neighborhoods
Central Oklahoma City | $189.8K | $192.9K | +1.6% |
Aurora | $240K | $190K | -20.8% |
Pennsylvania Place | $266.5K | $194.5K | -27.0% |
Housing Supply in Central Oklahoma City, OK
How many homes are available in Central Oklahoma City, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,157 | 1,224 | +5.8% |
Summary: The Central Oklahoma City real estate market had 1,224 homes for sale in April 2024, a 5.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 27 | +22.7% |
2 Bedrooms | 252 | 274 | +8.7% |
3 Bedrooms | 621 | 628 | +1.1% |
4 Bedrooms | 214 | 229 | +7.0% |
5+ Bedrooms | 48 | 66 | +37.5% |
Summary: The Central Oklahoma City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
311 | 279 | -10.3% |
Asking Price vs. Sold Price
138 Homes Were Sold
Under Asking
79 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Summary: A total of 279 homes were sold or pending in Central Oklahoma City in April 2024, down by 10.3% month-over-month. Of the 279 sold homes, 49% were sold under asking, 28% were sold at asking, and 22% were sold over asking.
Days on Market for Central Oklahoma City, OK
How long does it take to sell a home in Central Oklahoma City, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 29 Days | +20.7% |
Summary: Homes in Central Oklahoma City had an average of 29 days on market in Apr 2024, up by 20.7% compared to last year.
Breakdown of Home Sale Times
189 Homes Were Sold
Under 30 Days
67 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During April 2024, 279 homes were sold in Central Oklahoma City; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.