Is Oklahoma County, 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, Oklahoma County has remained a Seller's Market.
Key Takeaway
Oklahoma County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oklahoma County, OK
How much do homes in Oklahoma County, OK cost?
Median Sold Price
$254,797
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Oklahoma County have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Oklahoma County was $254,797 in April 2024, up 3.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $103K | -1.9% |
| 2 Bedrooms | $144.9K | $150K | +3.5% |
| 3 Bedrooms | $223.2K | $229.9K | +3.0% |
| 4 Bedrooms | $375.6K | $369.8K | -1.6% |
| 5+ Bedrooms | $527.3K | $514.6K | -2.4% |
Summary: Oklahoma County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Counties
| Oklahoma County | $246.2K | $254.7K | +3.5% |
| Canadian County | $265.2K | $271.2K | +2.3% |
| Cleveland County | $247.7K | $250K | +0.9% |
| Logan County | $250K | $249.6K | -0.2% |
| Lincoln County | $162.5K | $160K | -1.5% |
Housing Supply in Oklahoma County, OK
How many homes are available in Oklahoma County, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3,660 | 3,932 | +7.4% |
Summary: The Oklahoma County real estate market had 3,932 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 47 | +23.7% |
| 2 Bedrooms | 386 | 424 | +9.8% |
| 3 Bedrooms | 1,888 | 1,905 | +0.9% |
| 4 Bedrooms | 1,099 | 1,252 | +13.9% |
| 5+ Bedrooms | 249 | 304 | +22.1% |
Summary: The Oklahoma County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.7%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 22.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 891 | 905 | +1.6% |
Asking Price vs. Sold Price
392 Homes Were Sold
Under Asking
328 Homes Were Sold
At Asking
185 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oklahoma County, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.
Summary: A total of 905 homes were sold or pending in Oklahoma County in April 2024, up by 1.6% month-over-month. Of the 905 sold homes, 43% were sold under asking, 36% were sold at asking, and 20% were sold over asking.
Days on Market for Oklahoma County, OK
How long does it take to sell a home in Oklahoma County, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 34 Days | +24.1% |
Summary: Homes in Oklahoma County had an average of 34 days on market in Apr 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
598 Homes Were Sold
Under 30 Days
205 Homes Were Sold
In 30 - 90 Days
102 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oklahoma County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 905 homes were sold in Oklahoma County; 66% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.