$3,088 Closing Credit*
$260,000
1,505 SqFt
3 Beds
•2 Full Baths
Kirk Little, Listing Office: Prime Realty Inc.
Is Southwest 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, Southwest Oklahoma City was a Seller's Market.
Key Takeaway
Southwest 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 Southwest Oklahoma City, OK
How much do homes in Southwest Oklahoma City, OK cost?
Median Sold Price
$270,673
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,141(-1.5%)
Key Takeaway
Homes in Southwest Oklahoma City have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Southwest Oklahoma City was $270,673 in November 2024, down 1.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.9K | $187.5K | +63.1% |
| 2 Bedrooms | $165K | $169.9K | +3.0% |
| 3 Bedrooms | $239.6K | $245K | +2.3% |
| 4 Bedrooms | $333.4K | $325K | -2.5% |
| 5+ Bedrooms | $419.5K | $433.2K | +3.3% |
Summary: Southwest Oklahoma City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.1%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Canadian Estates | $250K | $259.9K | +4.0% |
| Southwest Oklahoma City | $274.8K | $270.6K | -1.5% |
Housing Supply in Southwest Oklahoma City, OK
How many homes are available in Southwest Oklahoma City, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 693 | 663 | -4.3% |
Summary: The Southwest Oklahoma City real estate market had 663 homes for sale in November 2024, a 4.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 362 | 337 | -6.9% |
| 4 Bedrooms | 283 | 272 | -3.9% |
| 5+ Bedrooms | 38 | 43 | +13.2% |
Summary: The Southwest Oklahoma City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 150 | 95 | -36.7% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Oklahoma City, expect to pay close to the asking price. 49.5% of homes here sold near the asking price last month.
Summary: A total of 95 homes were sold or pending in Southwest Oklahoma City in November 2024, down by 36.7% month-over-month. Of the 95 sold homes, 33% were sold under asking, 49% were sold at asking, and 18% were sold over asking.
Days on Market for Southwest Oklahoma City, OK
How long does it take to sell a home in Southwest Oklahoma City, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 42 Days | +15.2% |
Summary: Homes in Southwest Oklahoma City had an average of 42 days on market in Nov 2024, up by 15.2% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Oklahoma City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 95 homes were sold in Southwest Oklahoma City; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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