Is South 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, South Oklahoma City has remained a Seller's Market.
Housing Prices in South Oklahoma City, OK
How much do homes in South Oklahoma City, OK cost?
Median Sold Price
$245,053
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Oklahoma City was $245,053 in April 2024, up 0.5% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $126.2K | N/A |
2 Bedrooms | $161.7K | $165K | +2.0% |
3 Bedrooms | $230K | $230.2K | 0.1% |
4 Bedrooms | $305K | $300.9K | -1.3% |
5+ Bedrooms | $440K | $500K | +13.6% |
Summary: South Oklahoma City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Neighborhoods
Brandywine | $305K | $309.9K | +1.6% |
South Oklahoma City | $243.8K | $245K | 0.5% |
Housing Supply in South Oklahoma City, OK
How many homes are available in South Oklahoma City, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
257 | 282 | +9.7% |
Summary: The South Oklahoma City real estate market had 282 homes for sale in April 2024, a 9.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 11 | 15 | +36.4% |
3 Bedrooms | 151 | 161 | +6.6% |
4 Bedrooms | 81 | 93 | +14.8% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The South Oklahoma City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 60 | +13.2% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in South Oklahoma City in April 2024, up by 13.2% month-over-month. Of the 60 sold homes, 38% were sold under asking, 37% were sold at asking, and 25% were sold over asking.
Days on Market for South Oklahoma City, OK
How long does it take to sell a home in South Oklahoma City, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 21 Days | -15.2% |
Summary: Homes in South Oklahoma City had an average of 21 days on market in Apr 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 60 homes were sold in South Oklahoma City; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.