Is 73071, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 73071 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 73071 was a Seller's Market.

Key Takeaway

73071 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 73071, OK

How much do homes in 73071, OK cost?

Median Sold Price

$230,373

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,988(+3.1%)

Key Takeaway

Homes in 73071 have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in 73071 was $230,373 in October 2024, up 3.1% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $95K$82K
-13.7%
2 $135K$125K
-7.4%
3 $220K$224.5K
+2.1%
4 $315.3K$315K
-0.1%
5+ $380K$360K
-5.3%

Summary: 73071 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 5.3%.

Median Sold Price Compared To Nearby Zip Codes

73069
+10.4%
73071
+3.1%
73072
+2.2%
73026
+1.8%
73165
-3.8%

Housing Supply in 73071, OK

How many homes are available in 73071, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
207225+8.7%

Summary: The 73071 real estate market had 225 homes for sale in October 2024, a 8.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 2125
+19.0%
3 117132
+12.8%
4 5255
+5.8%
5+ 139
-30.8%

Summary: The 73071 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 30.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3934-12.8%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 73071, you may be able to get a good deal. 61.8% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 73071 in October 2024, down by 12.8% month-over-month. Of the 34 sold homes, 62% were sold under asking, 26% were sold at asking, and 12% were sold over asking.

Days on Market for 73071, OK

How long does it take to sell a home in 73071, OK?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days44 Days+29.1%

Summary: Homes in 73071 had an average of 44 days on market in Oct 2024, up by 29.1% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 73071 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 34 homes were sold in 73071; 47% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 73071, OK

Nearby Markets to 73071, OK