Is Jenks, 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, 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
$391,196
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jenks have sold for 3% more than they did a year ago.
Summary: The median home sold price in Jenks was $391,196 in May 2024, up 3% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160.4K | $316K | +96.9% |
| 3 Bedrooms | $287K | $300K | +4.5% |
| 4 Bedrooms | $440K | $450.4K | +2.4% |
| 5+ Bedrooms | $525K | $572K | +9.0% |
Summary: Jenks 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 96.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| South Tulsa | $295.4K | $314.9K | +6.6% |
| Jenks | $379.7K | $391.1K | +3.0% |
| Tulsa | $224.1K | $229.9K | +2.6% |
| Glenpool | $269.9K | $274K | +1.5% |
| Bixby | $382.3K | $386.7K | +1.2% |
Housing Supply in Jenks, OK
How many homes are available in Jenks, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 174 | 192 | +10.3% |
Summary: The Jenks real estate market had 192 homes for sale in May 2024, a 10.3% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 63 | 61 | -3.2% |
| 4 Bedrooms | 96 | 110 | +14.6% |
| 5+ Bedrooms | 14 | 19 | +35.7% |
Summary: The Jenks 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 increased by 100%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 35.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 36 | +9.1% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jenks, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Jenks in May 2024, up by 9.1% month-over-month. Of the 36 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 38 Days | -9.1% |
Summary: Homes in Jenks had an average of 38 days on market in May 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 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 May 2024, 36 homes were sold in Jenks; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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