Is Jenks, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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
$393,098
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jenks have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Jenks was $393,098 in April 2024, up 3.8% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $151K | $242.9K | +60.9% |
| 3 Bedrooms | $280.6K | $300K | +6.9% |
| 4 Bedrooms | $433K | $456.8K | +5.5% |
| 5+ Bedrooms | $525K | $550K | +4.8% |
Summary: Jenks 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 60.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Glenpool | $250K | $271.9K | +8.8% |
| Bixby | $355K | $379.9K | +7.0% |
| Jenks | $378.7K | $393K | +3.8% |
| Tulsa | $222.8K | $229.6K | +3.0% |
| South Tulsa | $302.7K | $309.9K | +2.4% |
Housing Supply in Jenks, OK
How many homes are available in Jenks, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 159 | 169 | +6.3% |
Summary: The Jenks real estate market had 169 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 60 | 59 | -1.7% |
| 4 Bedrooms | 92 | 93 | +1.1% |
| 5+ Bedrooms | 7 | 16 | +128.6% |
Summary: The Jenks housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 128.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 30 | -28.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 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. 53.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Jenks in April 2024, down by 28.6% month-over-month. Of the 30 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 43 Days | -11.4% |
Summary: Homes in Jenks had an average of 43 days on market in Apr 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 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 April 2024, 30 homes were sold in Jenks; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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