Is 74701, 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, 74701 has remained a Seller's Market.
Key Takeaway
74701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 74701, OK
How much do homes in 74701, OK cost?
Median Sold Price
$243,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 74701 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 74701 was $243,500 in April 2024, up 3.5% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | $98.7K | -33.7% |
| 2 Bedrooms | $125K | $134.2K | +7.4% |
| 3 Bedrooms | $226.5K | $237.4K | +4.8% |
| 4 Bedrooms | $268.4K | $309K | +15.1% |
| 5+ Bedrooms | $500K | $530K | +6.0% |
Summary: 74701 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.7%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Zip Codes
| 74730 | $241.9K | $250.5K | +3.6% |
| 74701 | $235.2K | $243.5K | +3.5% |
Housing Supply in 74701, OK
How many homes are available in 74701, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 113 | 144 | +27.4% |
Summary: The 74701 real estate market had 144 homes for sale in April 2024, a 27.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 67 | 76 | +13.4% |
| 4 Bedrooms | 25 | 35 | +40.0% |
| 5+ Bedrooms | 9 | 15 | +66.7% |
Summary: The 74701 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 60%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 25 | +92.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 74701, you may be able to get a good deal. 72% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 74701 in April 2024, up by 92.3% month-over-month. Of the 25 sold homes, 72% were sold under asking, 16% were sold at asking, and 12% were sold over asking.
Days on Market for 74701, OK
How long does it take to sell a home in 74701, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 56 Days | +88.2% |
Summary: Homes in 74701 had an average of 56 days on market in Apr 2024, up by 88.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 74701 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in 74701; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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