$2,494 Closing Credit*
$210,000
1,565 SqFt
3 Beds
•2 Full Baths
Carrie Nowlin, Listing Office: Chinowth & Cohen
Is Northwest Oklahoma City, 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, Northwest Oklahoma City has remained a Seller's Market.
Key Takeaway
Northwest Oklahoma City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest Oklahoma City, OK
How much do homes in Northwest Oklahoma City, OK cost?
Median Sold Price
$300,676
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,648(+1.9%)
Key Takeaway
Homes in Northwest Oklahoma City have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Northwest Oklahoma City was $300,676 in October 2024, up 1.9% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.7K | $104K | +4.3% |
| 2 Bedrooms | $185K | $175K | -5.4% |
| 3 Bedrooms | $268.6K | $274.2K | +2.1% |
| 4 Bedrooms | $358.8K | $365K | +1.7% |
| 5+ Bedrooms | $487.2K | $489.8K | 0.5% |
Summary: Northwest Oklahoma City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Bluff Creek | $247K | $287K | +16.2% |
| Northwest Oklahoma City | $295K | $300.6K | +1.9% |
Housing Supply in Northwest Oklahoma City, OK
How many homes are available in Northwest Oklahoma City, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,344 | 1,422 | +5.8% |
Summary: The Northwest Oklahoma City real estate market had 1,422 homes for sale in October 2024, a 5.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 14 | -6.7% |
| 2 Bedrooms | 53 | 59 | +11.3% |
| 3 Bedrooms | 677 | 705 | +4.1% |
| 4 Bedrooms | 507 | 554 | +9.3% |
| 5+ Bedrooms | 92 | 90 | -2.2% |
Summary: The Northwest Oklahoma City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 2.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 251 | 271 | +8.0% |
Asking Price vs. Sold Price
125 Homes Were Sold
Under Asking
107 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Oklahoma City, you may be able to get a good deal. 46.1% of homes here sold below asking price last month.
Summary: A total of 271 homes were sold or pending in Northwest Oklahoma City in October 2024, up by 8.0% month-over-month. Of the 271 sold homes, 46% were sold under asking, 39% were sold at asking, and 14% were sold over asking.
Days on Market for Northwest Oklahoma City, OK
How long does it take to sell a home in Northwest Oklahoma City, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 41 Days | +40.2% |
Summary: Homes in Northwest Oklahoma City had an average of 41 days on market in Oct 2024, up by 40.2% compared to last year.
Breakdown of Home Sale Times
158 Homes Were Sold
Under 30 Days
81 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Oklahoma City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 271 homes were sold in Northwest Oklahoma City; 58% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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