$4,453 Closing Credit*
$375,000
2,070 SqFt
4 Beds
•3 Full Baths
Cameron Burke, Listing Office: LRE Realty LLC
Is Nicoma Park, 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, Nicoma Park has remained a Seller's Market.
Key Takeaway
Nicoma Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nicoma Park, OK
How much do homes in Nicoma Park, OK cost?
Median Sold Price
$221,878
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,651(+0.7%)
Key Takeaway
Homes in Nicoma Park have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Nicoma Park was $221,878 in November 2024, up 0.7% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $94.2K | $126K | +33.7% |
| 3 Bedrooms | $206.5K | $219.6K | +6.3% |
| 4 Bedrooms | $228.4K | $234.2K | +2.5% |
| 5+ Bedrooms | $320K | $351K | +9.7% |
Summary: Nicoma Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Midwest City | $167.3K | $185K | +10.6% |
| Oklahoma City Southeast | $189.1K | $199.9K | +5.7% |
| Choctaw | $305K | $320K | +4.9% |
| Nicoma Park | $220.2K | $221.8K | +0.7% |
Housing Supply in Nicoma Park, OK
How many homes are available in Nicoma Park, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Nicoma Park real estate market had 8 homes for sale in November 2024, a 11.1% decrease 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nicoma Park 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 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nicoma Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Nicoma Park in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Nicoma Park, OK
How long does it take to sell a home in Nicoma Park, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 49 Days | +200.9% |
Summary: Homes in Nicoma Park had an average of 49 days on market in Nov 2024, up by 200.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nicoma Park has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Nicoma Park; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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