Erhardt Group's Market Report

Edmond, OK 73034

Single-Family Homes

Erhardt Group LLC | homes@erhardtgroup.com | 405-309-7477



Edmond, OK 73034

Tue Jul 05 2022
This week the median list price for Edmond, OK 73034 is $519,100 with the market action index hovering around 50. This is less than last month's market action index of 55. Inventory has increased to 121. Click here to stay informed with the Edmond market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Edmond, OK 73034

Tue Jul 05 2022
This week the median list price for Edmond, OK 73034 is $519,100 with the market action index hovering around 50. This is less than last month's market action index of 55. Inventory has increased to 121. Click here to stay informed with the Edmond market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Edmond market.
Median List Price $519,100
Median Price of New Listings $368,950
Per Square Foot $197
Average Days on Market 64
Median Days on Market 42
Price Decreased 20%
Price Increased 26%
Relisted 7%
Inventory 121
Median Rent
Market Action 50
Strong Seller's Market

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$743,500 3,666 0.5 - 1 acre 4 3.5 0 1 1 42
$562,400 2,814 8,000 - 10,000 sqft 4 3 0 3 2 45
$473,700 2,510 8,000 - 10,000 sqft 4 3 0 1 2 56
$339,900 1,850 0.5 - 1 acre 3 2 1 9 7 14