Please ensure Javascript is enabled for purposes of website accessibility

Edmond Real Estate Statistics

Article by: Caitlin Spaulding

As was near the end of summer many have made the plunge to purchase a new home or maybe youโ€™re among the percentage of home buyers who are staying put due to record low interest rates. Regardless of your position, I have quite a few asking what the summer market entailed, so letโ€™s take a look at the numbers. The following information reflects June sales for single family homes, letโ€™s dive in!

First up, let’s talk about inventory. Currently, we have a 1.92 Months Supply of Inventory. That means if no new homes hit the market, it would take just shy of 2 months to sell all the existing homes. However, over the last 12 months, our Months Supply of Inventory has seen a significant increase of +32.41%. This indicates a slightly more balanced market, creating opportunities for both buyers and sellers.

Now, let’s talk numbers, the Median Sold Price in our area is currently $340,000. This highlights the overall strength and value of our local real estate market. However, it’s important to remember that pricing can vary based on various factors such as location, property type, and condition. As you can see, the median sold price has decreased making home purchases more affordable.

The List to Sold Price percentage is 100%. That means homes in Edmond are selling at their full asking price. This indicates a strong demand and a willingness from buyers to meet the asking price. For sellers, this is excellent news as it showcases the competitiveness of our market and the potential for maximizing returns on your investment.

When it comes to the median days on market, we’re looking at just 9 days. Itโ€™s still a hot market, and homes are selling fast. Sellers should be prepared to make a quick move and buyers should be ready and willing when it comes to house shopping.

In conclusion, our market continues to be dynamic and full of opportunities for both buyers and sellers. With a 1.92 months supply of inventory, a list-to-sold price percentage of 100%, a median days on market of just 9 days, and a median sold price of $340,000, it’s clear that Edmond, Oklahoma remains a desirable place to live and invest. If you have any questions regarding your specific area or neighborhood, feel free to reach out. I would love to talk numbers with you!

Connect with Edmond Young Professionals

  • Comments Box SVG iconsUsed for the like, share, comment, and reaction icons

    A successful morning volunteering with @turningpointministries!!! we loved hearing about what Turning Point Ministries does and contributing to a few new homes in their neighborhood! ... See MoreSee Less

    A successful morning volunteering with @turningpointministries!!! we loved hearing about what Turning Point Ministries does and contributing to a few new homes in their neighborhood!

    2 CommentsComment on Facebook

    You guys are awesome and I’m sad that I missed it! Thanks to Turning Point for letting our group volunteer!

    An amazing project!!!

    Rise and Shine, Brunch Lovers! ๐ŸŒž

    Join us for Brunch Bunch at The Big Biscuit!

    ๐Ÿ“… When: Tuesday, June 18
    โฐ Time: 9:00am to 10:30am
    ๐Ÿ“ Where: The Big Biscuit [1333 N. Santa Fe]

    Can't wait to see you there!
    ... See MoreSee Less

    Rise and Shine, Brunch Lovers! ๐ŸŒž

Join us for Brunch Bunch at The Big Biscuit! 

๐Ÿ“… When: Tuesday, June 18
โฐ Time: 9:00am to 10:30am 
๐Ÿ“ Where: The Big Biscuit [1333 N. Santa Fe]

Cant wait to see you there!

    1 CommentComment on Facebook

    Can’t wait!

    Join us for Leadership Lager with Bryce and Kristen Thompson at The Patriarch on Thursday, June 20! It's going to a fun afternoon! ... See MoreSee Less

    Join us for Leadership Lager with Bryce and Kristen Thompson at The Patriarch on Thursday, June 20! Its going to a fun afternoon!

  • To top