$2,672 Closing Credit*
$225,000
1,432 SqFt
3 Beds
•2 Full Baths
Chip Adams, Listing Office: Adams Family Real Estate LLC
Is South Oklahoma City, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, South Oklahoma City has remained a Seller's Market.
Key Takeaway
South Oklahoma City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Oklahoma City, OK
How much do homes in South Oklahoma City, OK cost?
Median Sold Price
$250,021
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$2,696(+1.1%)
Key Takeaway
Homes in South Oklahoma City have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in South Oklahoma City was $250,021 in December 2024, up 1.1% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $153.2K | +61.3% |
| 2 Bedrooms | $161K | $169.9K | +5.6% |
| 3 Bedrooms | $231.3K | $240K | +3.7% |
| 4 Bedrooms | $305K | $318.9K | +4.6% |
| 5+ Bedrooms | $435K | $400K | -8.0% |
Summary: South Oklahoma City housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Neighborhoods
| South Oklahoma City | $247.3K | $250K | +1.1% |
| Brandywine | $305K | $292.5K | -4.1% |
Housing Supply in South Oklahoma City, OK
How many homes are available in South Oklahoma City, OK?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 319 | 324 | +1.6% |
Summary: The South Oklahoma City real estate market had 324 homes for sale in December 2024, a 1.6% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 23 | 28 | +21.7% |
| 3 Bedrooms | 175 | 177 | +1.1% |
| 4 Bedrooms | 110 | 107 | -2.7% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The South Oklahoma City housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 53 | 70 | +32.1% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Oklahoma City, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in South Oklahoma City in December 2024, up by 32.1% month-over-month. Of the 70 sold homes, 57% were sold under asking, 36% were sold at asking, and 7% were sold over asking.
Days on Market for South Oklahoma City, OK
How long does it take to sell a home in South Oklahoma City, OK?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 32 Days | 44 Days | +36.9% |
Summary: Homes in South Oklahoma City had an average of 44 days on market in Dec 2024, up by 36.9% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Oklahoma City are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 70 homes were sold in South Oklahoma City; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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