Is 74501, 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, 74501 has remained a Seller's Market.
Key Takeaway
74501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 74501, OK
How much do homes in 74501, OK cost?
Median Sold Price
$155,366
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 74501 have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in 74501 was $155,366 in April 2024, down 8.6% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $41K | - | N/A |
| 2 Bedrooms | $68K | $101K | +48.5% |
| 3 Bedrooms | $169.9K | $157.9K | -7.1% |
| 4 Bedrooms | $285.1K | $257.2K | -9.8% |
| 5+ Bedrooms | $275K | $410K | +49.1% |
Summary: 74501 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 48.5%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 49.1%.
Housing Supply in 74501, OK
How many homes are available in 74501, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 126 | 140 | +11.1% |
Summary: The 74501 real estate market had 140 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 74 | 85 | +14.9% |
| 4 Bedrooms | 27 | 25 | -7.4% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 74501 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 14.9%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 74501, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 74501 in April 2024, down by 7.7% month-over-month. Of the 24 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for 74501, OK
How long does it take to sell a home in 74501, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 47 Days | +9.5% |
Summary: Homes in 74501 had an average of 47 days on market in Apr 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 74501 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in 74501; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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