$10,000 Closing Credit*
$2,300,000
4,802 SqFt
4 Beds
•4 Full Baths, 1 Partial
Lori L Hodges, Listing Office: Sage Sothebys Realty
Is Nichols Hills, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Nichols Hills was a Neutral Market.
Key Takeaway
Nichols Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nichols Hills, OK
How much do homes in Nichols Hills, OK cost?
Median Sold Price
$910,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$75,000(+9.0%)
Key Takeaway
Homes in Nichols Hills have sold for 9% more than they did a year ago.
Summary: The median home sold price in Nichols Hills was $910,000 in November 2024, up 9% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $227.5K | -5.2% |
| 2 Bedrooms | $452.9K | $701K | +54.8% |
| 3 Bedrooms | $486.5K | $540K | +11.0% |
| 4 Bedrooms | $1.3M | $1.6M | +21.3% |
| 5+ Bedrooms | $1.6M | $1.9M | +16.7% |
Summary: Nichols Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 54.8%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Cities
| Nichols Hills | $835K | $910K | +9.0% |
| The Village | $218.2K | $228.2K | +4.6% |
| Oklahoma City Southwest | $212.5K | $216.3K | +1.8% |
| Oklahoma City | $249.9K | $253.6K | +1.4% |
Housing Supply in Nichols Hills, OK
How many homes are available in Nichols Hills, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 39 | +14.7% |
Summary: The Nichols Hills real estate market had 39 homes for sale in November 2024, a 14.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Nichols Hills 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 decreased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Nichols Hills, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Nichols Hills in November 2024, up by 125.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Nichols Hills, OK
How long does it take to sell a home in Nichols Hills, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 65 Days | +593.6% |
Summary: Homes in Nichols Hills had an average of 65 days on market in Nov 2024, up by 593.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nichols Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Nichols Hills; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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