Thinking of Selling in 2025? Here’s How Shawnee’s Market Could Work in Your Favor

As we step into 2025, the housing market is buzzing with two major trends that could shape the real estate landscape in Shawnee and Central Oklahoma: affordability challenges and a potential increase in home sellers.

Affordability Challenges

With home prices continuing to rise and mortgage rates hovering around 7%, affordability remains a significant concern. Here in Shawnee, the year-to-date average sales price sits at just under $220,000, according to the latest Shawnee MLS stats from November 2024. That’s a notable number, especially when paired with rising monthly payments that are stretching buyers’ budgets. For many, navigating these costs will require careful planning, including getting pre-approved for a mortgage and setting realistic expectations about what they can afford.

Potential Increase in Home Sellers

Over the past few years, limited inventory has driven fierce competition among buyers, with fewer homeowners listing their properties. However, experts predict that 2025 could bring more sellers into the market. For buyers, this is great news, as it means more options and possibly some relief from escalating prices.

For sellers, though, increased inventory means they’ll need to step up their game to stand out. Gone are the days of having success using a List-It-and-Leave-It REALTOR®. In this more competitive environment, sellers need an agent who goes beyond the basics to market their home strategically, leveraging tools like professional photography, exploiting the availability of 50 photos in the MLS, virtual staging, and targeted online exposure to attract motivated buyers. Proper preparation, staging, and marketing will be critical to attract motivated buyers and secure strong offers.

What Does This Mean for Shawnee and Central Oklahoma?

For buyers, the focus should be on preparation and flexibility. Working with a knowledgeable agent can help you identify opportunities and navigate any challenges that come your way. For sellers, 2025 is shaping up to be a year where expert guidance can make or break your transaction. With more competition, having a strategic marketing plan that includes professional photography, virtual staging, and targeted online exposure will be crucial.

Whether you’re buying or selling, staying informed about these trends and working with a local expert who understands the Shawnee market will set you up for success. Let’s make 2025 the year you achieve your real estate goals!