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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74008 is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

74008 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 74008, OK

How much do homes in 74008, OK cost?

Median Sold Price

$380,505

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,522(-0.9%)

Key Takeaway

Homes in 74008 have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in 74008 was $380,505 in October 2024, down 0.9% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $141K$128K
-9.2%
3 $279.3K$324.9K
+16.3%
4 $428.3K$432K
+0.8%
5+ $540K$538.5K
-0.3%

Summary: 74008 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 0.3%.

Median Sold Price Compared To Nearby Zip Codes

74137
+7.1%
74133
+6.4%
74011
+4.1%
74008
-0.9%
74037
-3.7%

Housing Supply in 74008, OK

How many homes are available in 74008, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
274320+16.8%

Summary: The 74008 real estate market had 320 homes for sale in October 2024, a 16.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 23
+50.0%
3 100114
+14.0%
4 148173
+16.9%
5+ 2429
+20.8%

Summary: The 74008 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 20.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3852+36.8%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

10 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. 53.8% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in 74008 in October 2024, up by 36.8% month-over-month. Of the 52 sold homes, 54% were sold under asking, 27% were sold at asking, and 19% 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

Oct 2023Oct 2024CHANGE
34 Days36 Days+5.4%

Summary: Homes in 74008 had an average of 36 days on market in Oct 2024, up by 5.4% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

8 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 October 2024, 52 homes were sold in 74008; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% 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 20 Days Ago

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