$2,611 Closing Credit*
$219,900
2,100 SqFt
4 Beds
•2 Full Baths, 1 Partial
Kristina Moosavi, Listing Office: RE/MAX LIFESTYLE
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 October 2023
Since last year, Oklahoma City Southwest has remained a Seller's Market.
Key Takeaway
Oklahoma City Southwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oklahoma City Southwest, OK
How much do homes in Oklahoma City Southwest, OK cost?
Median Sold Price
$215,427
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,204(+1.5%)
Key Takeaway
Homes in Oklahoma City Southwest have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Oklahoma City Southwest was $215,427 in October 2024, up 1.5% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $100K | +5.3% |
| 2 Bedrooms | $146.4K | $154.9K | +5.8% |
| 3 Bedrooms | $209.6K | $215K | +2.5% |
| 4 Bedrooms | $290K | $293.8K | +1.3% |
| 5+ Bedrooms | $382.5K | $365K | -4.6% |
Summary: Oklahoma City Southwest housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Warr Acres | $182.2K | $202.7K | +11.2% |
| The Village | $220K | $228.2K | +3.8% |
| Nichols Hills | $847.5K | $875K | +3.2% |
| Oklahoma City Southwest | $212.2K | $215.4K | +1.5% |
| Oklahoma City | $249.9K | $252.5K | +1.0% |
Housing Supply in Oklahoma City Southwest, OK
How many homes are available in Oklahoma City Southwest, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,885 | 2,086 | +10.7% |
Summary: The Oklahoma City Southwest real estate market had 2,086 homes for sale in October 2024, a 10.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 41 | +24.2% |
| 2 Bedrooms | 319 | 384 | +20.4% |
| 3 Bedrooms | 1,025 | 1,096 | +6.9% |
| 4 Bedrooms | 394 | 442 | +12.2% |
| 5+ Bedrooms | 114 | 123 | +7.9% |
Summary: The Oklahoma City Southwest housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24.2%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 7.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 350 | 357 | +2.0% |
Asking Price vs. Sold Price
206 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
70 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. 57.7% of homes here sold below asking price last month.
Summary: A total of 357 homes were sold or pending in Oklahoma City Southwest in October 2024, up by 2.0% month-over-month. Of the 357 sold homes, 58% were sold under asking, 23% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 34 Days | +55.7% |
Summary: Homes in Oklahoma City Southwest had an average of 34 days on market in Oct 2024, up by 55.7% compared to last year.
Breakdown of Home Sale Times
211 Homes Were Sold
Under 30 Days
110 Homes Were Sold
In 30 - 90 Days
36 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 October 2024, 357 homes were sold in Oklahoma City Southwest; 59% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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