Is Piedmont, 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, Piedmont has remained a Seller's Market.
Key Takeaway
Piedmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Piedmont, OK
How much do homes in Piedmont, OK cost?
Median Sold Price
$303,993
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Piedmont has remained the same since last year.
Summary: The median home sold price in Piedmont was $303,993 in May 2024, down 0.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $159.9K | $206.3K | +29.0% |
| 3 Bedrooms | $280K | $271K | -3.2% |
| 4 Bedrooms | $360K | $360.7K | 0.2% |
| 5+ Bedrooms | $485K | $499.9K | +3.1% |
Summary: Piedmont housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Northwest | $330.6K | $339.9K | +2.8% |
| East Canadian | $275K | $279.2K | +1.5% |
| Oklahoma City | $248.9K | $250K | 0.4% |
| Piedmont | $304.6K | $303.9K | -0.2% |
Housing Supply in Piedmont, OK
How many homes are available in Piedmont, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 94 | 100 | +6.4% |
Summary: The Piedmont real estate market had 100 homes for sale in May 2024, a 6.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 46 | 47 | +2.2% |
| 4 Bedrooms | 40 | 40 | 0.0% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Piedmont housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 2.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
15 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Piedmont, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Piedmont in May 2024, down by 21.7% month-over-month. Of the 18 sold homes, 6% were sold under asking, 83% were sold at asking, and 11% were sold over asking.
Days on Market for Piedmont, OK
How long does it take to sell a home in Piedmont, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 86 Days | +142.2% |
Summary: Homes in Piedmont had an average of 86 days on market in May 2024, up by 142.2% compared to last year.
Breakdown of Home Sale Times
8 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 Piedmont are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Piedmont; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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