Is Edmond, 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, Edmond has remained a Seller's Market.
Key Takeaway
Edmond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edmond, OK
How much do homes in Edmond, OK cost?
Median Sold Price
$357,024
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Edmond have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Edmond was $357,024 in April 2024, up 1.1% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.5K | $148K | -3.0% |
| 2 Bedrooms | $188.7K | $210K | +11.3% |
| 3 Bedrooms | $279.8K | $293.9K | +5.1% |
| 4 Bedrooms | $429.1K | $420.8K | -1.9% |
| 5+ Bedrooms | $635K | $585K | -7.9% |
Summary: Edmond housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Northwest | $332.3K | $339.9K | +2.3% |
| Edmond | $353.1K | $357K | +1.1% |
| Guthrie | $264.7K | $263.3K | -0.6% |
| Oklahoma City Northeast | $475K | $451.9K | -4.8% |
| Arcadia | $540.5K | $468.7K | -13.3% |
Housing Supply in Edmond, OK
How many homes are available in Edmond, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,088 | 1,205 | +10.8% |
Summary: The Edmond real estate market had 1,205 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 33 | 37 | +12.1% |
| 3 Bedrooms | 491 | 492 | 0.2% |
| 4 Bedrooms | 459 | 551 | +20.0% |
| 5+ Bedrooms | 105 | 124 | +18.1% |
Summary: The Edmond housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 18.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 270 | 259 | -4.1% |
Asking Price vs. Sold Price
96 Homes Were Sold
Under Asking
114 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edmond, expect to pay close to the asking price. 44% of homes here sold near the asking price last month.
Summary: A total of 259 homes were sold or pending in Edmond in April 2024, down by 4.1% month-over-month. Of the 259 sold homes, 37% were sold under asking, 44% were sold at asking, and 19% were sold over asking.
Days on Market for Edmond, OK
How long does it take to sell a home in Edmond, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 41 Days | +15.4% |
Summary: Homes in Edmond had an average of 41 days on market in Apr 2024, up by 15.4% compared to last year.
Breakdown of Home Sale Times
168 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edmond are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 259 homes were sold in Edmond; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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