Is Bethany, 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, Bethany has remained a Seller's Market.
Housing Prices in Bethany, OK
How much do homes in Bethany, OK cost?
Median Sold Price
$185,000
$130/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Summary: The median home sold price in Bethany was $185,000 in May 2024, the same as last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96.5K | $172K | +78.2% |
2 Bedrooms | $117K | $130.5K | +11.5% |
3 Bedrooms | $184.7K | $185.2K | 0.3% |
4 Bedrooms | $227.5K | $261.5K | +15.0% |
5+ Bedrooms | $225K | $222.5K | -1.1% |
Summary: Bethany housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.2%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
Warr Acres | $181.5K | $200K | +10.2% |
Oklahoma City Southwest | $210K | $214.9K | +2.4% |
Oklahoma City | $248.9K | $250K | 0.4% |
Bethany | $185K | $185K | 0.0% |
Housing Supply in Bethany, OK
How many homes are available in Bethany, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 63 | -6.0% |
Summary: The Bethany real estate market had 63 homes for sale in May 2024, a 6.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 42 | 37 | -11.9% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bethany housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 19 | -32.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Bethany in May 2024, down by 32.1% month-over-month. Of the 19 sold homes, 42% were sold under asking, 37% were sold at asking, and 21% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 36 Days | +195.6% |
Summary: Homes in Bethany had an average of 36 days on market in May 2024, up by 195.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Bethany; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.