$3,076 Closing Credit*
$259,017
1,551 SqFt
3 Beds
•2 Full Baths
Braxton Stewart, Listing Office: Ken Carpenter Realty
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 October 2023
Since last year, Southwest Oklahoma City has remained a Seller's Market.
Key Takeaway
Southwest Oklahoma City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest Oklahoma City, OK
How much do homes in Southwest Oklahoma City, OK cost?
Median Sold Price
$274,654
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,951(+1.8%)
Key Takeaway
Homes in Southwest Oklahoma City have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Southwest Oklahoma City was $274,654 in October 2024, up 1.8% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.9K | $187.5K | +63.1% |
| 2 Bedrooms | $165K | $169.2K | +2.5% |
| 3 Bedrooms | $239.9K | $245.9K | +2.5% |
| 4 Bedrooms | $326.3K | $325.2K | -0.3% |
| 5+ Bedrooms | $419.7K | $438.1K | +4.4% |
Summary: Southwest Oklahoma City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.1%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Southwest Oklahoma City | $269.7K | $274.6K | +1.8% |
| Canadian Estates | $259K | $257.4K | -0.6% |
Housing Supply in Southwest Oklahoma City, OK
How many homes are available in Southwest Oklahoma City, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 694 | 733 | +5.6% |
Summary: The Southwest Oklahoma City real estate market had 733 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 362 | 393 | +8.6% |
| 4 Bedrooms | 283 | 286 | +1.1% |
| 5+ Bedrooms | 38 | 43 | +13.2% |
Summary: The Southwest Oklahoma City housing inventory by bedroom type for October 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 8.6%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 143 | 144 | +0.7% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Oklahoma City, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 144 homes were sold or pending in Southwest Oklahoma City in October 2024, up by 0.7% month-over-month. Of the 144 sold homes, 46% were sold under asking, 38% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 49 Days | +45.4% |
Summary: Homes in Southwest Oklahoma City had an average of 49 days on market in Oct 2024, up by 45.4% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
21 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 October 2024, 144 homes were sold in Southwest Oklahoma City; 49% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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