Is 74728, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 74728 was a Seller's Market.
Key Takeaway
74728 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 74728, OK
How much do homes in 74728, OK cost?
Median Sold Price
$590,000
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 74728 have sold for 17.5% less than they did a year ago.
Summary: The median home sold price in 74728 was $590,000 in May 2024, down 17.5% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $590K | $490K | -16.9% |
| 2 Bedrooms | $725K | $555K | -23.4% |
| 3 Bedrooms | $630K | $599K | -4.9% |
| 4 Bedrooms | $940K | $855K | -9.0% |
| 5+ Bedrooms | $1.3M | $1.1M | -14.1% |
Summary: 74728 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.9%, 2 bedroom homes decreased by 23.4%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 14.1%.
Housing Supply in 74728, OK
How many homes are available in 74728, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 290 | 361 | +24.5% |
Summary: The 74728 real estate market had 361 homes for sale in May 2024, a 24.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 50 | 67 | +34.0% |
| 2 Bedrooms | 68 | 89 | +30.9% |
| 3 Bedrooms | 91 | 109 | +19.8% |
| 4 Bedrooms | 45 | 52 | +15.6% |
| 5+ Bedrooms | 36 | 44 | +22.2% |
Summary: The 74728 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 34%, 2 bedroom homes increased by 30.9%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 74728, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 74728 in May 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 74728, OK
How long does it take to sell a home in 74728, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 70 Days | 90 Days | +29.6% |
Summary: Homes in 74728 had an average of 90 days on market in May 2024, up by 29.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 74728 has remained consistent over time.
Summary: During May 2024, 8 homes were sold in 74728; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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