Erhardt Group's Market Report

Edmond, OK 73034

Single-Family Homes

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



Edmond, OK 73034

Tue Nov 29 2022
This week the median list price for Edmond, OK 73034 is $520,950 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 170. 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.

Slight Seller's Advantage

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 Nov 29 2022
This week the median list price for Edmond, OK 73034 is $520,950 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 170. 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.

Slight Seller's Advantage

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 $520,950
Median Price of New Listings $539,580
Per Square Foot $195
Average Days on Market 94
Median Days on Market 74
Price Decreased 51%
Price Increased 9%
Relisted 14%
Inventory 170
Median Rent
Market Action 35
Slight Seller's Advantage

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
$799,000 3,714 0.25 - 0.5 acre 4 3.5 0 8 5 56
$561,147 2,726 8,000 - 10,000 sqft 4 3 0 3 1 112
$469,000 2,511 8,000 - 10,000 sqft 4 3 0 2 1 70
$345,340 2,047 0.25 - 0.5 acre 3 2 26 5 4 56