Is Midwest 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, Midwest City has remained a Seller's Market.
Housing Prices in Midwest City, OK
How much do homes in Midwest City, OK cost?
Median Sold Price
$175,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Midwest City was $175,000 in April 2024, up 6.1% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $83.7K | -6.9% |
2 Bedrooms | $111.4K | $113K | +1.3% |
3 Bedrooms | $169.9K | $177.5K | +4.5% |
4 Bedrooms | $217.9K | $220.4K | +1.2% |
5+ Bedrooms | $285K | $235K | -17.5% |
Summary: Midwest City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 17.5%.
Median Sold Price Compared To Nearby Cities
Choctaw | $290K | $313.5K | +8.1% |
Oklahoma City Southeast | $184K | $195.4K | +6.2% |
Midwest City | $164.9K | $175K | +6.1% |
Spencer | $145K | $152.5K | +5.2% |
Nicoma Park | $207.2K | $216.9K | +4.7% |
Housing Supply in Midwest City, OK
How many homes are available in Midwest City, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
255 | 244 | -4.3% |
Summary: The Midwest City real estate market had 244 homes for sale in April 2024, a 4.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 21 | 20 | -4.8% |
3 Bedrooms | 176 | 163 | -7.4% |
4 Bedrooms | 50 | 48 | -4.0% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Midwest City 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 decreased by 4.8%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 70 | +9.4% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in Midwest City in April 2024, up by 9.4% month-over-month. Of the 70 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for Midwest City, OK
How long does it take to sell a home in Midwest City, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 34 Days | +97.7% |
Summary: Homes in Midwest City had an average of 34 days on market in Apr 2024, up by 97.7% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 70 homes were sold in Midwest City; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.