Is 74008, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74008 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 74008 was a Seller's Market.

Key Takeaway

74008 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 74008, OK

How much do homes in 74008, OK cost?

Median Sold Price

$386,325

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,451(+3.3%)

Key Takeaway

Homes in 74008 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 74008 was $386,325 in November 2024, up 3.3% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $142K$124.7K
-12.1%
3 $277.3K$326K
+17.6%
4 $425K$439K
+3.3%
5+ $545K$562.7K
+3.3%

Summary: 74008 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 3.3%.

Median Sold Price Compared To Nearby Zip Codes

74137
+9.0%
74133
+5.4%
74008
+3.3%
74011
+1.8%
74037
-2.4%

Housing Supply in 74008, OK

How many homes are available in 74008, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
308318+3.2%

Summary: The 74008 real estate market had 318 homes for sale in November 2024, a 3.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 109116
+6.4%
4 169172
+1.8%
5+ 2625
-3.8%

Summary: The 74008 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 3.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5340-24.5%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74008, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in 74008 in November 2024, down by 24.5% month-over-month. Of the 40 sold homes, 48% were sold under asking, 43% were sold at asking, and 10% were sold over asking.

Days on Market for 74008, OK

How long does it take to sell a home in 74008, OK?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days47 Days+9.1%

Summary: Homes in 74008 had an average of 47 days on market in Nov 2024, up by 9.1% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74008 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 40 homes were sold in 74008; 57% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 25% 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

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