$2,712 Closing Credit*
$228,400
1,868 SqFt
2 Beds
•2 Full Baths
Debra A Penrod, Listing Office: Metro Brokers of Oklahoma
Is 73016, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, 73016 was a Buyer's Market.
Key Takeaway
73016 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 73016, OK
How much do homes in 73016, OK cost?
Median Sold Price
$299,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$33,000(-9.9%)
Key Takeaway
Homes in 73016 have sold for 9.9% less than they did a year ago.
Summary: The median home sold price in 73016 was $299,000 in August 2024, down 9.9% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $280K | $232.4K | -17.0% |
| 4 Bedrooms | $336.2K | $358.3K | +6.6% |
| 5+ Bedrooms | $350K | $330K | -5.7% |
Summary: 73016 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 17%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in 73016, OK
How many homes are available in 73016, OK?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The 73016 real estate market had 11 homes for sale in August 2024, a 37.5% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 73016 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 73016, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 73016 in August 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 73016, OK
How long does it take to sell a home in 73016, OK?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 132 Days | 21 Days | -84.1% |
Summary: Homes in 73016 had an average of 21 days on market in Aug 2024, down by 84.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 73016 are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 2 homes were sold in 73016; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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