Is 74864, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 74864 has remained a Seller's Market.
Key Takeaway
74864 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 74864, OK
How much do homes in 74864, OK cost?
Median Sold Price
$162,895
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 74864 have sold for 14% less than they did a year ago.
Summary: The median home sold price in 74864 was $162,895 in May 2024, down 14% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133K | - | N/A |
| 2 Bedrooms | $70.4K | $94.5K | +34.2% |
| 3 Bedrooms | $189.5K | $240K | +26.6% |
| 4 Bedrooms | $195K | $285K | +46.2% |
| 5+ Bedrooms | $356.7K | $487.5K | +36.7% |
Summary: 74864 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.2%, 3 bedroom homes increased by 26.6%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 36.7%.
Median Sold Price Compared To Nearby Zip Codes
| 74855 | $161K | $142.5K | -11.5% |
| 74864 | $189.5K | $162.8K | -14.0% |
Housing Supply in 74864, OK
How many homes are available in 74864, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The 74864 real estate market had 16 homes for sale in May 2024, a 23.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 74864 housing inventory by bedroom type for May 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 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 74864, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 74864 in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 74864, OK
How long does it take to sell a home in 74864, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 49 Days | +406.7% |
Summary: Homes in 74864 had an average of 49 days on market in May 2024, up by 406.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 74864 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in 74864; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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