Is 74848, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 74848 was a Buyer's Market.
Key Takeaway
74848 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 74848, OK
How much do homes in 74848, OK cost?
Median Sold Price
$136,200
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 74848 have sold for 76.9% more than they did a year ago.
Summary: The median home sold price in 74848 was $136,200 in April 2024, up 76.9% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $13K | N/A |
| 2 Bedrooms | $41.5K | $70K | +68.7% |
| 3 Bedrooms | $80K | $136.2K | +70.3% |
| 4 Bedrooms | $175K | $235K | +34.3% |
| 5+ Bedrooms | $55K | $225.7K | +310.5% |
Summary: 74848 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 68.7%, 3 bedroom homes increased by 70.3%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes increased by 310.5%.
Median Sold Price Compared To Nearby Zip Codes
| 74848 | $77K | $136.2K | +76.9% |
| 74884 | $95K | $107.5K | +13.2% |
Housing Supply in 74848, OK
How many homes are available in 74848, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 28 | -15.2% |
Summary: The 74848 real estate market had 28 homes for sale in April 2024, a 15.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 74848 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 74848, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 74848 in April 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 74848, OK
How long does it take to sell a home in 74848, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 105 Days | 62 Days | -40.4% |
Summary: Homes in 74848 had an average of 62 days on market in Apr 2024, down by 40.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 74848 has remained consistent over time.
Summary: During April 2024, 5 homes were sold in 74848; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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