$10,000 Closing Credit*
$1,695,000
5,361 SqFt
4 Beds
•4 Full Baths, 1 Partial
Marta McCubbin, Listing Office: First Source Real Estate Inc.
Is Nichols Hills, 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, Nichols Hills was a Seller's Market.
Key Takeaway
Nichols Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nichols Hills, OK
How much do homes in Nichols Hills, OK cost?
Median Sold Price
$875,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+3.2%)
Key Takeaway
Homes in Nichols Hills have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Nichols Hills was $875,000 in October 2024, up 3.2% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $240K | 0.0% |
| 2 Bedrooms | $452.9K | $590.5K | +30.4% |
| 3 Bedrooms | $486.5K | $580K | +19.2% |
| 4 Bedrooms | $1.3M | $1.5M | +12.5% |
| 5+ Bedrooms | $1.8M | $2.0M | +8.7% |
Summary: Nichols Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| The Village | $220K | $228.2K | +3.8% |
| Nichols Hills | $847.5K | $875K | +3.2% |
| Oklahoma City Southwest | $212.2K | $215.4K | +1.5% |
| Oklahoma City | $249.9K | $252.5K | +1.0% |
Housing Supply in Nichols Hills, OK
How many homes are available in Nichols Hills, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 39 | -2.5% |
Summary: The Nichols Hills real estate market had 39 homes for sale in October 2024, a 2.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Nichols Hills 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 decreased by 28.6%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Nichols Hills in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 32 Days | +14.6% |
Summary: Homes in Nichols Hills had an average of 32 days on market in Oct 2024, up by 14.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 4 homes were sold in Nichols Hills; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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