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Featured local agent — Velma, OK
Sarah Mitchell
Compass Real Estate · Velma, OK
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Velma, OK Housing Market & Real Estate
Housing market overview · Updated monthly ·
$218,000median sale price
How is the Velma, OK housing market right now?
The median home sale price in Velma, OK is $218,000. Homes sell in an average of 110 days with 2 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Velma a buyer's or seller's market?
Velma, OK is currently a seller's market, based on 2.0 months of supply and homes selling in about 110 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
110
Average pace
Active listings
2
2.0 months supply
Sale-to-list
101.4%
Above asking
What does the Velma housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $218,000 |
| Average days on market | 110 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 101.4% |
| Median price per sq ft | $85/sq ft |
| Homes sold (latest month) | 1 |
| Listings with a price cut | 50.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Velma by property type?
How the Velma, OK market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $218,000 | $85/sq ft | 1 | 110 days |
Source: Redfin · Updated monthly
The Velma housing market is currently classified as a seller's market with a median sale price of $218,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 110 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.0x provides context for how home values compare to local earning capacity.
Homes for sale in Velma
There are currently 2 homes listed for sale in Velma, Oklahoma.
Active listings
2
Homes on market
Avg. days on market
110
Days until sale
Who lives in Velma?
Population
585
Median income
$61,806/yr
Median age
41.7 years
Owner-occupied
74.5%
College grads
8.7%
Avg commute
26 min
Source: U.S. Census Bureau ACS
What are homes worth in Velma?
Zillow home value
$182,736
Price-to-income
3.0x
Source: Zillow Research
What is it like to live in Velma?
Velma is a community of approximately 1K residents with a median age of 41.7 years.The median household income is $61,806, which represents a working-class community with solid middle-income opportunities. 8.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 74.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 26 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Velma offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Velma?
3 schools tracked · 482 students
The largest public schools serving Velma, OK by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
VELMA-ALMA ES
Grades PK-5 · 224 students
VELMA-ALMA HS
Grades 9-12 · 152 students
VELMA-ALMA MS
Grades 6-8 · 106 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Velma, OK?
Want a head-to-head view? Compare Velma side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Velma?
The median home sale price in Velma is $218,000, down 0.0% from last year.
How long do homes stay on market in Velma?
Homes typically spend 110 days on market before going under contract.
What is the median income in Velma?
The median household income is $61,806 per year.
Is Velma a buyer's or seller's market?
With 2.0 months of supply, Velma is currently a seller's market.
What is the Zillow home value estimate for Velma?
The Zillow Home Value Index (ZHVI) for Velma is $182,736, representing the typical home value in the area.
How much does a single-family home cost in Velma?
The median single-family home price in Velma, OK is $218,000 (about $85 per square foot).
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