Is 73401, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 73401 was a Seller's Market.
Key Takeaway
73401 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 73401, OK
How much do homes in 73401, OK cost?
Median Sold Price
$191,500
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 73401 have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in 73401 was $191,500 in March 2024, up 9.4% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $94.5K | +5.0% |
| 2 Bedrooms | $85K | $105K | +23.5% |
| 3 Bedrooms | $184K | $219.5K | +19.3% |
| 4 Bedrooms | $250K | $268.7K | +7.5% |
| 5+ Bedrooms | $365K | $288K | -21.1% |
Summary: 73401 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 21.1%.
Median Sold Price Compared To Nearby Zip Codes
| 73443 | $195K | $265.4K | +36.1% |
| 73401 | $175K | $191.5K | +9.4% |
Housing Supply in 73401, OK
How many homes are available in 73401, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 203 | 202 | -0.5% |
Summary: The 73401 real estate market had 202 homes for sale in March 2024, a 0.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 47 | 44 | -6.4% |
| 3 Bedrooms | 107 | 104 | -2.8% |
| 4 Bedrooms | 34 | 41 | +20.6% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 73401 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 73401, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 73401 in March 2024, up by 7.7% month-over-month. Of the 28 sold homes, 71% were sold under asking, 18% were sold at asking, and 11% were sold over asking.
Days on Market for 73401, OK
How long does it take to sell a home in 73401, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 59 Days | +10.0% |
Summary: Homes in 73401 had an average of 59 days on market in Mar 2024, up by 10% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 73401 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in 73401; 46% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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