Is Jenks, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Jenks has remained a Seller's Market.
Key Takeaway
Jenks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jenks, OK
How much do homes in Jenks, OK cost?
Median Sold Price
$386,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Jenks have sold for 7% more than they did a year ago.
Summary: The median home sold price in Jenks was $386,000 in November 2023, up 7% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $139.9K | $242.9K | +73.7% |
| 3 Bedrooms | $275K | $295K | +7.3% |
| 4 Bedrooms | $419K | $450.1K | +7.4% |
| 5+ Bedrooms | $485K | $574.6K | +18.5% |
Summary: Jenks housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 73.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Cities
| Glenpool | $223.7K | $278K | +24.2% |
| Jenks | $360.8K | $386K | +7.0% |
| South Tulsa | $295K | $309.9K | +5.1% |
| Bixby | $355.1K | $365.5K | +2.9% |
| Tulsa | $219.9K | $224.7K | +2.2% |
Housing Supply in Jenks, OK
How many homes are available in Jenks, OK?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 182 | 173 | -4.9% |
Summary: The Jenks real estate market had 173 homes for sale in November 2023, a 4.9% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 58 | 58 | 0.0% |
| 4 Bedrooms | 99 | 93 | -6.1% |
| 5+ Bedrooms | 21 | 18 | -14.3% |
Summary: The Jenks housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 39 | 33 | -15.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jenks, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Jenks in November 2023, down by 15.4% month-over-month. Of the 33 sold homes, 45% were sold under asking, 30% were sold at asking, and 24% were sold over asking.
Days on Market for Jenks, OK
How long does it take to sell a home in Jenks, OK?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 32 Days | 46 Days | +42.1% |
Summary: Homes in Jenks had an average of 46 days on market in Nov 2023, up by 42.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jenks are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 33 homes were sold in Jenks; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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