Is Northwest Oklahoma City, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Northwest Oklahoma City has remained a Seller's Market.
Housing Prices in Northwest Oklahoma City, OK
How much do homes in Northwest Oklahoma City, OK cost?
Median Sold Price
$304,920
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Northwest Oklahoma City was $304,920 in May 2024, up 4.9% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $99.4K | $100K | +0.6% |
2 Bedrooms | $178K | $182K | +2.2% |
3 Bedrooms | $263.6K | $273.1K | +3.6% |
4 Bedrooms | $355.9K | $361.1K | +1.5% |
5+ Bedrooms | $474.6K | $485K | +2.2% |
Summary: Northwest Oklahoma City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Neighborhoods
Bluff Creek | $246K | $260K | +5.7% |
Northwest Oklahoma City | $290.6K | $304.9K | +4.9% |
Glenhurst | $380K | $393.5K | +3.6% |
Housing Supply in Northwest Oklahoma City, OK
How many homes are available in Northwest Oklahoma City, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,235 | 1,293 | +4.7% |
Summary: The Northwest Oklahoma City real estate market had 1,293 homes for sale in May 2024, a 4.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 11 | +37.5% |
2 Bedrooms | 62 | 68 | +9.7% |
3 Bedrooms | 596 | 599 | 0.5% |
4 Bedrooms | 497 | 535 | +7.6% |
5+ Bedrooms | 72 | 80 | +11.1% |
Summary: The Northwest Oklahoma City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
306 | 281 | -8.2% |
Asking Price vs. Sold Price
107 Homes Were Sold
Under Asking
121 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
Summary: A total of 281 homes were sold or pending in Northwest Oklahoma City in May 2024, down by 8.2% month-over-month. Of the 281 sold homes, 38% were sold under asking, 43% were sold at asking, and 19% were sold over asking.
Days on Market for Northwest Oklahoma City, OK
How long does it take to sell a home in Northwest Oklahoma City, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 40 Days | +36.5% |
Summary: Homes in Northwest Oklahoma City had an average of 40 days on market in May 2024, up by 36.5% compared to last year.
Breakdown of Home Sale Times
183 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
46 Homes Were Sold
Over 90 Days
Summary: During May 2024, 281 homes were sold in Northwest Oklahoma City; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.