Is Weatherford, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Weatherford has remained a Seller's Market.
Key Takeaway
Weatherford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Weatherford, OK
How much do homes in Weatherford, OK cost?
Median Sold Price
$205,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Weatherford have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Weatherford was $205,000 in May 2024, down 4.7% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $57.5K | N/A |
| 2 Bedrooms | $102K | $142.5K | +39.7% |
| 3 Bedrooms | $202.5K | $205K | +1.2% |
| 4 Bedrooms | $302K | $285K | -5.6% |
| 5+ Bedrooms | $351.5K | $409K | +16.4% |
Summary: Weatherford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.7%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 16.4%.
Housing Supply in Weatherford, OK
How many homes are available in Weatherford, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 50 | 0.0% |
Summary: The Weatherford real estate market had 50 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 30 | 27 | -10.0% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Weatherford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Weatherford, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Weatherford in May 2024, up by 120.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Weatherford, OK
How long does it take to sell a home in Weatherford, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 28 Days | +248.5% |
Summary: Homes in Weatherford had an average of 28 days on market in May 2024, up by 248.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Weatherford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Weatherford; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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