$2,374 Closing Credit*
$199,900
1,452 SqFt
4 Beds
•2 Full Baths
Kathy Funk, Listing Office: Flotilla
Is Oklahoma City Northwest, 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 Northwest has remained a Seller's Market.
Key Takeaway
Oklahoma City Northwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oklahoma City Northwest, OK
How much do homes in Oklahoma City Northwest, OK cost?
Median Sold Price
$344,379
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,089(+3.0%)
Key Takeaway
Homes in Oklahoma City Northwest have sold for 3% more than they did a year ago.
Summary: The median home sold price in Oklahoma City Northwest was $344,379 in October 2024, up 3% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107.5K | $107.5K | 0.0% |
| 2 Bedrooms | $196K | $202.5K | +3.3% |
| 3 Bedrooms | $284K | $290K | +2.1% |
| 4 Bedrooms | $415.6K | $408.4K | -1.7% |
| 5+ Bedrooms | $574.8K | $597.3K | +3.9% |
Summary: Oklahoma City Northwest 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 3.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Northeast | $453.9K | $473.2K | +4.3% |
| Oklahoma City Northwest | $334.2K | $344.3K | +3.0% |
| Oklahoma City Southwest | $212.2K | $215.4K | +1.5% |
| Edmond | $359.9K | $363.6K | +1.0% |
| Guthrie | $269.6K | $269.9K | 0.1% |
Housing Supply in Oklahoma City Northwest, OK
How many homes are available in Oklahoma City Northwest, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,022 | 1,079 | +5.6% |
Summary: The Oklahoma City Northwest real estate market had 1,079 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 23 | 29 | +26.1% |
| 3 Bedrooms | 464 | 471 | +1.5% |
| 4 Bedrooms | 430 | 462 | +7.4% |
| 5+ Bedrooms | 97 | 111 | +14.4% |
Summary: The Oklahoma City Northwest housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 26.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 14.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 203 | 193 | -4.9% |
Asking Price vs. Sold Price
81 Homes Were Sold
Under Asking
80 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oklahoma City Northwest, you may be able to get a good deal. 42% of homes here sold below asking price last month.
Summary: A total of 193 homes were sold or pending in Oklahoma City Northwest in October 2024, down by 4.9% month-over-month. Of the 193 sold homes, 42% were sold under asking, 41% were sold at asking, and 17% were sold over asking.
Days on Market for Oklahoma City Northwest, OK
How long does it take to sell a home in Oklahoma City Northwest, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 36 Days | +43.2% |
Summary: Homes in Oklahoma City Northwest had an average of 36 days on market in Oct 2024, up by 43.2% compared to last year.
Breakdown of Home Sale Times
112 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oklahoma City Northwest are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 193 homes were sold in Oklahoma City Northwest; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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