$474 Closing Credit*
$39,900
812 SqFt
1 Bed
•1 Full Bath
Ryan Smith, Listing Office: Flotilla
Is 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, Oklahoma City has remained a Seller's Market.
Key Takeaway
Oklahoma City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oklahoma City, OK
How much do homes in Oklahoma City, OK cost?
Median Sold Price
$252,519
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,584(+1.0%)
Key Takeaway
Homes in Oklahoma City have sold for 1% more than they did a year ago.
Summary: The median home sold price in Oklahoma City was $252,519 in October 2024, up 1% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $103K | 0.5% |
| 2 Bedrooms | $145.9K | $155K | +6.2% |
| 3 Bedrooms | $229.9K | $237K | +3.1% |
| 4 Bedrooms | $336.7K | $337K | 0.1% |
| 5+ Bedrooms | $450.7K | $439.4K | -2.5% |
Summary: Oklahoma City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Del City | $146K | $149.9K | +2.7% |
| Oklahoma City Southwest | $212.2K | $215.4K | +1.5% |
| Oklahoma City | $249.9K | $252.5K | +1.0% |
Housing Supply in Oklahoma City, OK
How many homes are available in Oklahoma City, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3,964 | 4,300 | +8.5% |
Summary: The Oklahoma City real estate market had 4,300 homes for sale in October 2024, a 8.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 47 | +14.6% |
| 2 Bedrooms | 384 | 449 | +16.9% |
| 3 Bedrooms | 2,138 | 2,270 | +6.2% |
| 4 Bedrooms | 1,176 | 1,287 | +9.4% |
| 5+ Bedrooms | 225 | 247 | +9.8% |
Summary: The Oklahoma City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 9.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 772 | 751 | -2.7% |
Asking Price vs. Sold Price
385 Homes Were Sold
Under Asking
240 Homes Were Sold
At Asking
126 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oklahoma City, you may be able to get a good deal. 51.3% of homes here sold below asking price last month.
Summary: A total of 751 homes were sold or pending in Oklahoma City in October 2024, down by 2.7% month-over-month. Of the 751 sold homes, 51% were sold under asking, 32% were sold at asking, and 17% were sold over asking.
Days on Market for Oklahoma City, OK
How long does it take to sell a home in Oklahoma City, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 40 Days | +50.7% |
Summary: Homes in Oklahoma City had an average of 40 days on market in Oct 2024, up by 50.7% compared to last year.
Breakdown of Home Sale Times
431 Homes Were Sold
Under 30 Days
226 Homes Were Sold
In 30 - 90 Days
94 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oklahoma City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 751 homes were sold in Oklahoma City; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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