$4,708 Closing Credit*
$396,500
2,208 SqFt
3 Beds
•2 Full Baths, 1 Partial
Ian C LaBouff, Listing Office: Modern Abode Realty
Is Edmond, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Edmond has remained a Seller's Market.
Key Takeaway
Edmond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edmond, OK
How much do homes in Edmond, OK cost?
Median Sold Price
$364,369
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,149(+0.3%)
Key Takeaway
The sold price of homes in Edmond has remained the same since last year.
Summary: The median home sold price in Edmond was $364,369 in November 2024, up 0.3% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $278.9K | $219K | -21.5% |
| 2 Bedrooms | $205K | $213K | +3.9% |
| 3 Bedrooms | $294.8K | $298.9K | +1.4% |
| 4 Bedrooms | $433K | $429.8K | -0.8% |
| 5+ Bedrooms | $585K | $624.9K | +6.8% |
Summary: Edmond housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.5%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Northeast | $455.4K | $479.9K | +5.4% |
| Oklahoma City Northwest | $338.9K | $343.8K | +1.4% |
| Edmond | $363.2K | $364.3K | 0.3% |
| Arcadia | $499.9K | $500.9K | 0.2% |
| Guthrie | $275K | $269.9K | -1.8% |
Housing Supply in Edmond, OK
How many homes are available in Edmond, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,269 | 1,275 | 0.5% |
Summary: The Edmond real estate market had 1,275 homes for sale in November 2024, a 0.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 31 | 33 | +6.5% |
| 3 Bedrooms | 507 | 506 | -0.2% |
| 4 Bedrooms | 568 | 571 | 0.5% |
| 5+ Bedrooms | 163 | 165 | +1.2% |
Summary: The Edmond housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 1.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 244 | 228 | -6.6% |
Asking Price vs. Sold Price
111 Homes Were Sold
Under Asking
90 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edmond, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.
Summary: A total of 228 homes were sold or pending in Edmond in November 2024, down by 6.6% month-over-month. Of the 228 sold homes, 49% were sold under asking, 39% were sold at asking, and 12% were sold over asking.
Days on Market for Edmond, OK
How long does it take to sell a home in Edmond, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 42 Days | -0.6% |
Summary: Homes in Edmond had an average of 42 days on market in Nov 2024, down by 0.6% compared to last year.
Breakdown of Home Sale Times
132 Homes Were Sold
Under 30 Days
63 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edmond are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 228 homes were sold in Edmond; 58% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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