Is 73162, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 73162 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 73162 has remained a Seller's Market.

Key Takeaway

73162 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 73162, OK

How much do homes in 73162, OK cost?

Median Sold Price

$263,733

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$7,266(-2.7%)

Key Takeaway

Homes in 73162 have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in 73162 was $263,733 in December 2024, down 2.7% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $118K$115K
-2.5%
2 $177.5K$165K
-7.0%
3 $245K$247.2K
+0.9%
4 $298K$303K
+1.7%
5+ $343.5K$385K
+12.1%

Summary: 73162 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 12.1%.

Median Sold Price Compared To Nearby Zip Codes

73120
+5.4%
73162
-2.7%
73132
-3.3%
73142
-7.6%

Housing Supply in 73162, OK

How many homes are available in 73162, OK?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
140128-8.6%

Summary: The 73162 real estate market had 128 homes for sale in December 2024, a 8.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 108
-20.0%
3 6857
-16.2%
4 5654
-3.6%
5+ 58
+60.0%

Summary: The 73162 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2436+50.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 73162, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 73162 in December 2024, up by 50.0% month-over-month. Of the 36 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.

Days on Market for 73162, OK

How long does it take to sell a home in 73162, OK?

Average Sale Time

Dec 2023Dec 2024CHANGE
42 Days37 Days-11.9%

Summary: Homes in 73162 had an average of 37 days on market in Dec 2024, down by 11.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 73162 has remained consistent over time.

Summary: During December 2024, 36 homes were sold in 73162; 39% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 8% 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 2 Days Ago

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