$2,874 Closing Credit*
$242,000
1,364 SqFt
3 Beds
•2 Full Baths
Candace Richardson, Listing Office: Ariston Realty 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 November 2023
At the same time last year, South Oklahoma City was a Seller's Market.
Key Takeaway
South 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 South Oklahoma City, OK
How much do homes in South Oklahoma City, OK cost?
Median Sold Price
$250,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,250(+1.3%)
Key Takeaway
Homes in South Oklahoma City have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in South Oklahoma City was $250,000 in November 2024, up 1.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $153.2K | +61.3% |
| 2 Bedrooms | $158.7K | $178K | +12.1% |
| 3 Bedrooms | $230K | $240K | +4.3% |
| 4 Bedrooms | $305K | $315K | +3.3% |
| 5+ Bedrooms | $370K | $350K | -5.4% |
Summary: South Oklahoma City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.3%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Neighborhoods
| South Oklahoma City | $246.7K | $250K | +1.3% |
| Brandywine | $305K | $295K | -3.3% |
Housing Supply in South Oklahoma City, OK
How many homes are available in South Oklahoma City, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 296 | 319 | +7.8% |
Summary: The South Oklahoma City real estate market had 319 homes for sale in November 2024, a 7.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 161 | 175 | +8.7% |
| 4 Bedrooms | 104 | 111 | +6.7% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The South Oklahoma City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 50 | -9.1% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Oklahoma City, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 50 homes were sold or pending in South Oklahoma City in November 2024, down by 9.1% month-over-month. Of the 50 sold homes, 44% were sold under asking, 50% were sold at asking, and 6% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 34 Days | +7.7% |
Summary: Homes in South Oklahoma City had an average of 34 days on market in Nov 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 50 homes were sold in South Oklahoma City; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 