Is Nichols Hills, 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, Nichols Hills has remained a Seller's Market.
Housing Prices in Nichols Hills, OK
How much do homes in Nichols Hills, OK cost?
Median Sold Price
$797,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Nichols Hills was $797,000 in April 2024, up 0.1% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $240K | 0.0% |
2 Bedrooms | $500K | $440.8K | -11.8% |
3 Bedrooms | $508K | $486.5K | -4.2% |
4 Bedrooms | $1.2M | $1.3M | +2.2% |
5+ Bedrooms | $1.5M | $2.0M | +36.3% |
Summary: Nichols Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 36.3%.
Median Sold Price Compared To Nearby Cities
Oklahoma City Southwest | $210K | $215K | +2.4% |
Oklahoma City | $244.9K | $249.9K | +2.1% |
Nichols Hills | $796K | $797K | 0.1% |
The Village | $220K | $220K | 0.0% |
Housing Supply in Nichols Hills, OK
How many homes are available in Nichols Hills, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 29 | -3.3% |
Summary: The Nichols Hills real estate market had 29 homes for sale in April 2024, a 3.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Nichols Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Nichols Hills in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Nichols Hills, OK
How long does it take to sell a home in Nichols Hills, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
100 Days | 40 Days | -59.9% |
Summary: Homes in Nichols Hills had an average of 40 days on market in Apr 2024, down by 59.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Nichols Hills; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.