Is Bethany, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bethany has remained a Seller's Market.
Key Takeaway
Bethany is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bethany, OK
How much do homes in Bethany, OK cost?
Median Sold Price
$185,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bethany have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Bethany was $185,000 in April 2024, up 1.5% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.5K | $172K | +78.2% |
| 2 Bedrooms | $116.5K | $131K | +12.4% |
| 3 Bedrooms | $180K | $189.9K | +5.5% |
| 4 Bedrooms | $230K | $261.5K | +13.7% |
| 5+ Bedrooms | $221.5K | $222.5K | 0.5% |
Summary: Bethany housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.2%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Warr Acres | $179.2K | $198.5K | +10.7% |
| Oklahoma City Southwest | $210K | $215K | +2.4% |
| Oklahoma City | $244.9K | $249.9K | +2.1% |
| Bethany | $182.2K | $185K | +1.5% |
Housing Supply in Bethany, OK
How many homes are available in Bethany, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 67 | -5.6% |
Summary: The Bethany real estate market had 67 homes for sale in April 2024, a 5.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 37 | 40 | +8.1% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Bethany housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 27 | +50.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bethany, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Bethany in April 2024, up by 50.0% month-over-month. Of the 27 sold homes, 48% were sold under asking, 30% were sold at asking, and 22% were sold over asking.
Days on Market for Bethany, OK
How long does it take to sell a home in Bethany, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 26 Days | -2.8% |
Summary: Homes in Bethany had an average of 26 days on market in Apr 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bethany are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in Bethany; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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