$1,835 Closing Credit*
$154,500
954 SqFt
3 Beds
•1 Full Bath
Dylan Miller, Listing Office: McGraw Davisson Stewart LLC
Is Midwest City, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Midwest City was a Seller's Market.
Key Takeaway
Midwest 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 Midwest City, OK
How much do homes in Midwest City, OK cost?
Median Sold Price
$184,329
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,996(+10.8%)
Key Takeaway
Homes in Midwest City have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Midwest City was $184,329 in October 2024, up 10.8% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $82.9K | -24.6% |
| 2 Bedrooms | $115K | $120K | +4.3% |
| 3 Bedrooms | $170K | $189.7K | +11.6% |
| 4 Bedrooms | $217K | $230K | +6.0% |
| 5+ Bedrooms | $285K | $225K | -21.1% |
Summary: Midwest City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.6%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 21.1%.
Median Sold Price Compared To Nearby Cities
| Midwest City | $166.3K | $184.3K | +10.8% |
| Oklahoma City Southeast | $187K | $199.8K | +6.9% |
| Choctaw | $305K | $324.4K | +6.4% |
| Nicoma Park | $214K | $218.8K | +2.2% |
| Spencer | $161.8K | $150.2K | -7.1% |
Housing Supply in Midwest City, OK
How many homes are available in Midwest City, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 227 | 264 | +16.3% |
Summary: The Midwest City real estate market had 264 homes for sale in October 2024, a 16.3% 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 | 27 | 30 | +11.1% |
| 3 Bedrooms | 145 | 169 | +16.6% |
| 4 Bedrooms | 46 | 53 | +15.2% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Midwest City 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 11.1%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 41 | -25.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midwest City, you may be able to get a good deal. 56.1% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Midwest City in October 2024, down by 25.5% month-over-month. Of the 41 sold homes, 56% were sold under asking, 29% were sold at asking, and 15% were sold over asking.
Days on Market for Midwest City, OK
How long does it take to sell a home in Midwest City, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 47 Days | +262.8% |
Summary: Homes in Midwest City had an average of 47 days on market in Oct 2024, up by 262.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midwest City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 41 homes were sold in Midwest City; 46% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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