Is 74047, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74047 is a buyer's market

Buyer's
Market

Difference Since August 2023

Since last year, 74047 has remained a Buyer's Market.

Key Takeaway

74047 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 74047, OK

How much do homes in 74047, OK cost?

Median Sold Price

$333,719

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$85,219(+34.3%)

Key Takeaway

Homes in 74047 have sold for 34.3% more than they did a year ago.

Summary: The median home sold price in 74047 was $333,719 in August 2024, up 34.3% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $125K$143K
+14.4%
3 $244.5K$260K
+6.3%
4 $297.5K$545K
+83.2%
5+ $599K$820.5K
+37.0%

Summary: 74047 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 83.2%, and 5+ bedroom homes increased by 37%.

Median Sold Price Compared To Nearby Zip Codes

74047
+34.3%
74041
+17.5%
74033
+4.0%
74008
-1.5%
74421
-20.6%

Housing Supply in 74047, OK

How many homes are available in 74047, OK?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1619+18.8%

Summary: The 74047 real estate market had 19 homes for sale in August 2024, a 18.8% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1011
+10.0%
4 22
0.0%
5+ 13
+200.0%

Summary: The 74047 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74047, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 74047 in August 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 74047, OK

How long does it take to sell a home in 74047, OK?

Average Sale Time

Aug 2023Aug 2024CHANGE
38 Days2 Days-94.7%

Summary: Homes in 74047 had an average of 2 days on market in Aug 2024, down by 94.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74047 are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 1 homes were sold in 74047; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

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