$125,000
1.37 Acres
Land
Shelly Moore, Listing Office: Metro Group Brokers LLC
Is Oklahoma City, 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 was a Seller's Market.
Key Takeaway
Oklahoma City 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, OK
How much do homes in Oklahoma City, OK cost?
Median Sold Price
$253,613
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,622(+1.4%)
Key Takeaway
Homes in Oklahoma City have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Oklahoma City was $253,613 in November 2024, up 1.4% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101.5K | $105K | +3.4% |
| 2 Bedrooms | $145K | $155.8K | +7.5% |
| 3 Bedrooms | $229.9K | $238.6K | +3.7% |
| 4 Bedrooms | $338.4K | $339.2K | 0.2% |
| 5+ Bedrooms | $439.9K | $437.9K | -0.5% |
Summary: Oklahoma City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Del City | $146K | $150K | +2.7% |
| Oklahoma City Southwest | $212.5K | $216.3K | +1.8% |
| Oklahoma City | $249.9K | $253.6K | +1.4% |
Housing Supply in Oklahoma City, OK
How many homes are available in Oklahoma City, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4,089 | 4,041 | -1.2% |
Summary: The Oklahoma City real estate market had 4,041 homes for sale in November 2024, a 1.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 42 | 46 | +9.5% |
| 2 Bedrooms | 435 | 406 | -6.7% |
| 3 Bedrooms | 2,155 | 2,092 | -2.9% |
| 4 Bedrooms | 1,229 | 1,263 | +2.8% |
| 5+ Bedrooms | 228 | 234 | +2.6% |
Summary: The Oklahoma City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.5%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 833 | 646 | -22.4% |
Asking Price vs. Sold Price
308 Homes Were Sold
Under Asking
237 Homes Were Sold
At Asking
101 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. 47.7% of homes here sold below asking price last month.
Summary: A total of 646 homes were sold or pending in Oklahoma City in November 2024, down by 22.4% month-over-month. Of the 646 sold homes, 48% were sold under asking, 37% were sold at asking, and 16% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 38 Days | +23.4% |
Summary: Homes in Oklahoma City had an average of 38 days on market in Nov 2024, up by 23.4% compared to last year.
Breakdown of Home Sale Times
384 Homes Were Sold
Under 30 Days
191 Homes Were Sold
In 30 - 90 Days
71 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 November 2024, 646 homes were sold in Oklahoma City; 59% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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