$2,374 Closing Credit*
$199,900
1,452 SqFt
4 Beds
•2 Full Baths
Kathy Funk, Listing Office: Flotilla
Is Edmond, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$363,679
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,687(+1.0%)
Key Takeaway
Homes in Edmond have sold for 1% more than they did a year ago.
Summary: The median home sold price in Edmond was $363,679 in October 2024, up 1% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148K | $219K | +48.0% |
| 2 Bedrooms | $205K | $221.1K | +7.9% |
| 3 Bedrooms | $290.2K | $295.1K | +1.7% |
| 4 Bedrooms | $430.5K | $429.8K | -0.2% |
| 5+ Bedrooms | $587.5K | $627.7K | +6.8% |
Summary: Edmond housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Northeast | $453.9K | $473.2K | +4.3% |
| Oklahoma City Northwest | $334.2K | $344.3K | +3.0% |
| Edmond | $359.9K | $363.6K | +1.0% |
| Arcadia | $491.9K | $494.7K | +0.6% |
| Guthrie | $269.6K | $269.9K | 0.1% |
Housing Supply in Edmond, OK
How many homes are available in Edmond, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,249 | 1,324 | +6.0% |
Summary: The Edmond real estate market had 1,324 homes for sale in October 2024, a 6.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 29 | +38.1% |
| 3 Bedrooms | 526 | 527 | 0.2% |
| 4 Bedrooms | 545 | 594 | +9.0% |
| 5+ Bedrooms | 156 | 173 | +10.9% |
Summary: The Edmond housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 38.1%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 10.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 242 | 222 | -8.3% |
Asking Price vs. Sold Price
96 Homes Were Sold
Under Asking
91 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edmond, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.
Summary: A total of 222 homes were sold or pending in Edmond in October 2024, down by 8.3% month-over-month. Of the 222 sold homes, 43% were sold under asking, 41% were sold at asking, and 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 35 Days | +14.7% |
Summary: Homes in Edmond had an average of 35 days on market in Oct 2024, up by 14.7% compared to last year.
Breakdown of Home Sale Times
130 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
23 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 October 2024, 222 homes were sold in Edmond; 59% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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