Is The Village, 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, The Village has remained a Seller's Market.
Housing Prices in The Village, OK
How much do homes in The Village, OK cost?
Median Sold Price
$223,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in The Village was $223,000 in May 2024, up 1.4% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $170K | $182.7K | +7.5% |
3 Bedrooms | $220.2K | $226.7K | +3.0% |
4 Bedrooms | $269K | $336K | +24.9% |
5+ Bedrooms | - | $187.1K | N/A |
Summary: The Village 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 7.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 24.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Oklahoma City Southwest | $210K | $214.9K | +2.4% |
The Village | $220K | $223K | +1.4% |
Oklahoma City | $248.9K | $250K | 0.4% |
Housing Supply in The Village, OK
How many homes are available in The Village, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
57 | 70 | +22.8% |
Summary: The The Village real estate market had 70 homes for sale in May 2024, a 22.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 13 | +116.7% |
3 Bedrooms | 45 | 51 | +13.3% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Village 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 116.7%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 24 | +33.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in The Village in May 2024, up by 33.3% month-over-month. Of the 24 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for The Village, OK
How long does it take to sell a home in The Village, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 13 Days | -19.8% |
Summary: Homes in The Village had an average of 13 days on market in May 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in The Village; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.