$10,000 Closing Credit*
$2,500,000
6,350 SqFt
5 Beds
•5 Full Baths, 1 Partial
Patrick Bates, Listing Office: Nichols Hills Properties LLC
Is Oklahoma City Southwest, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Oklahoma City Southwest was a Seller's Market.
Key Takeaway
Oklahoma City Southwest is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Oklahoma City Southwest, OK
How much do homes in Oklahoma City Southwest, OK cost?
Median Sold Price
$216,362
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,844(+1.8%)
Key Takeaway
Homes in Oklahoma City Southwest have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Oklahoma City Southwest was $216,362 in November 2024, up 1.8% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93.4K | $102K | +9.1% |
| 2 Bedrooms | $147.5K | $155.7K | +5.6% |
| 3 Bedrooms | $209.1K | $215K | +2.8% |
| 4 Bedrooms | $290K | $290.2K | 0.1% |
| 5+ Bedrooms | $375K | $385K | +2.7% |
Summary: Oklahoma City Southwest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Nichols Hills | $835K | $910K | +9.0% |
| Warr Acres | $184K | $200.2K | +8.8% |
| The Village | $218.2K | $228.2K | +4.6% |
| Oklahoma City Southwest | $212.5K | $216.3K | +1.8% |
| Oklahoma City | $249.9K | $253.6K | +1.4% |
Housing Supply in Oklahoma City Southwest, OK
How many homes are available in Oklahoma City Southwest, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,959 | 1,908 | -2.6% |
Summary: The Oklahoma City Southwest real estate market had 1,908 homes for sale in November 2024, a 2.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 35 | 39 | +11.4% |
| 2 Bedrooms | 369 | 340 | -7.9% |
| 3 Bedrooms | 1,030 | 983 | -4.6% |
| 4 Bedrooms | 410 | 434 | +5.9% |
| 5+ Bedrooms | 115 | 112 | -2.6% |
Summary: The Oklahoma City Southwest housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.4%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 2.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 399 | 305 | -23.6% |
Asking Price vs. Sold Price
168 Homes Were Sold
Under Asking
92 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oklahoma City Southwest, you may be able to get a good deal. 55.1% of homes here sold below asking price last month.
Summary: A total of 305 homes were sold or pending in Oklahoma City Southwest in November 2024, down by 23.6% month-over-month. Of the 305 sold homes, 55% were sold under asking, 30% were sold at asking, and 15% were sold over asking.
Days on Market for Oklahoma City Southwest, OK
How long does it take to sell a home in Oklahoma City Southwest, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 33 Days | +30.6% |
Summary: Homes in Oklahoma City Southwest had an average of 33 days on market in Nov 2024, up by 30.6% compared to last year.
Breakdown of Home Sale Times
189 Homes Were Sold
Under 30 Days
93 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oklahoma City Southwest are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 305 homes were sold in Oklahoma City Southwest; 62% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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