Is 74361, 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, 74361 has remained a Seller's Market.
Key Takeaway
74361 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 74361, OK
How much do homes in 74361, OK cost?
Median Sold Price
$215,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 74361 have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in 74361 was $215,000 in May 2024, up 12.6% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $61K | $234K | +283.6% |
| 2 Bedrooms | $107.5K | $109.2K | +1.6% |
| 3 Bedrooms | $190K | $215K | +13.2% |
| 4 Bedrooms | $325.9K | $340K | +4.3% |
| 5+ Bedrooms | $395.7K | - | N/A |
Summary: 74361 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 283.6%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes did not change.
Housing Supply in 74361, OK
How many homes are available in 74361, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 104 | +9.5% |
Summary: The 74361 real estate market had 104 homes for sale in May 2024, a 9.5% 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 | 12 | 8 | -33.3% |
| 3 Bedrooms | 57 | 64 | +12.3% |
| 4 Bedrooms | 23 | 28 | +21.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 74361 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 decreased by 33.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 74361, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 74361 in May 2024, up by 42.9% month-over-month. Of the 20 sold homes, 60% were sold under asking, 25% were sold at asking, and 15% were sold over asking.
Days on Market for 74361, OK
How long does it take to sell a home in 74361, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 55 Days | -8.2% |
Summary: Homes in 74361 had an average of 55 days on market in May 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
10 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 74361 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in 74361; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
