$6,472 Closing Credit*
$545,000
2,259 SqFt
5 Beds
•4 Full Baths
Mike Rogers, Listing Office: eXp Realty, LLC
Is Central Oklahoma City, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Central Oklahoma City was a Seller's Market.
Key Takeaway
Central Oklahoma City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Central Oklahoma City, OK
How much do homes in Central Oklahoma City, OK cost?
Median Sold Price
$195,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$4,311(+2.3%)
Key Takeaway
Homes in Central Oklahoma City have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Central Oklahoma City was $195,000 in December 2024, up 2.3% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.4K | $100K | +2.6% |
| 2 Bedrooms | $143.9K | $154.7K | +7.5% |
| 3 Bedrooms | $194.9K | $198.4K | +1.8% |
| 4 Bedrooms | $265K | $265K | 0.0% |
| 5+ Bedrooms | $333.4K | $375K | +12.5% |
Summary: Central Oklahoma City housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Pennsylvania Place | $205K | $268K | +30.7% |
| Central Oklahoma City | $190.6K | $195K | +2.3% |
Housing Supply in Central Oklahoma City, OK
How many homes are available in Central Oklahoma City, OK?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1,278 | 1,276 | -0.2% |
Summary: The Central Oklahoma City real estate market had 1,276 homes for sale in December 2024, a 0.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 26 | -10.3% |
| 2 Bedrooms | 283 | 274 | -3.2% |
| 3 Bedrooms | 685 | 690 | +0.7% |
| 4 Bedrooms | 221 | 217 | -1.8% |
| 5+ Bedrooms | 60 | 69 | +15.0% |
Summary: The Central Oklahoma City housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.3%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 236 | 212 | -10.2% |
Asking Price vs. Sold Price
124 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Oklahoma City, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.
Summary: A total of 212 homes were sold or pending in Central Oklahoma City in December 2024, down by 10.2% month-over-month. Of the 212 sold homes, 58% were sold under asking, 24% were sold at asking, and 18% were sold over asking.
Days on Market for Central Oklahoma City, OK
How long does it take to sell a home in Central Oklahoma City, OK?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 29 Days | 36 Days | +21.9% |
Summary: Homes in Central Oklahoma City had an average of 36 days on market in Dec 2024, up by 21.9% compared to last year.
Breakdown of Home Sale Times
118 Homes Were Sold
Under 30 Days
73 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Oklahoma City are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 212 homes were sold in Central Oklahoma City; 56% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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