Is 73120, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 73120 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 73120 has remained a Seller's Market.

Key Takeaway

73120 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 73120, OK

How much do homes in 73120, OK cost?

Median Sold Price

$239,933

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$1,299(+0.5%)

Key Takeaway

Homes in 73120 have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in 73120 was $239,933 in March 2024, up 0.5% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $89.5K$95K
+6.1%
2 $174.2K$172.7K
-0.9%
3 $234.1K$235K
0.3%
4 $376K$402K
+6.9%
5+ $504.5K$636.2K
+26.1%

Summary: 73120 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 26.1%.

Median Sold Price Compared To Nearby Zip Codes

73116
+8.4%
73162
+8.2%
73120
0.5%
73134
0.0%
73114
-1.8%

Housing Supply in 73120, OK

How many homes are available in 73120, OK?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
176190+8.0%

Summary: The 73120 real estate market had 190 homes for sale in March 2024, a 8.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 118
-27.3%
2 2528
+12.0%
3 85105
+23.5%
4 4337
-14.0%
5+ 1212
0.0%

Summary: The 73120 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 23.5%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3549+40.0%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 73120, you may be able to get a good deal. 55.1% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in 73120 in March 2024, up by 40.0% month-over-month. Of the 49 sold homes, 55% were sold under asking, 29% were sold at asking, and 16% were sold over asking.

Days on Market for 73120, OK

How long does it take to sell a home in 73120, OK?

Average Sale Time

Mar 2023Mar 2024CHANGE
29 Days27 Days-4.4%

Summary: Homes in 73120 had an average of 27 days on market in Mar 2024, down by 4.4% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 73120 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 49 homes were sold in 73120; 71% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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