Is 74401, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 74401 has remained a Seller's Market.
Key Takeaway
74401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 74401, OK
How much do homes in 74401, OK cost?
Median Sold Price
$130,000
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 74401 have sold for 30.7% more than they did a year ago.
Summary: The median home sold price in 74401 was $130,000 in April 2024, up 30.7% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57.2K | - | N/A |
| 2 Bedrooms | $40K | $56.5K | +41.3% |
| 3 Bedrooms | $117.8K | $129.9K | +10.2% |
| 4 Bedrooms | $145.2K | $187.4K | +29.1% |
| 5+ Bedrooms | $102.5K | $410K | +300.0% |
Summary: 74401 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 29.1%, and 5+ bedroom homes increased by 300%.
Housing Supply in 74401, OK
How many homes are available in 74401, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 69 | +13.1% |
Summary: The 74401 real estate market had 69 homes for sale in April 2024, a 13.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 37 | 37 | 0.0% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 74401 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 74401, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in 74401 in April 2024, up by 36.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for 74401, OK
How long does it take to sell a home in 74401, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 38 Days | -28.7% |
Summary: Homes in 74401 had an average of 38 days on market in Apr 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 74401 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in 74401; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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