Is 74011, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74011 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 74011 has remained a Seller's Market.

Key Takeaway

74011 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74011, OK

How much do homes in 74011, OK cost?

Median Sold Price

$317,912

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,652(+4.1%)

Key Takeaway

Homes in 74011 have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in 74011 was $317,912 in October 2024, up 4.1% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$92K
N/A
2 $192K$275K
+43.2%
3 $257.3K$257.9K
0.3%
4 $368K$375.6K
+2.1%
5+ $500K$557.2K
+11.5%

Summary: 74011 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 increased by 43.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 11.5%.

Median Sold Price Compared To Nearby Zip Codes

74133
+6.4%
74011
+4.1%
74014
+4.0%
74012
+3.1%
74008
-0.9%

Housing Supply in 74011, OK

How many homes are available in 74011, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
225211-6.2%

Summary: The 74011 real estate market had 211 homes for sale in October 2024, a 6.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1414
0.0%
3 9992
-7.1%
4 9587
-8.4%
5+ 1718
+5.9%

Summary: The 74011 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 remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5237-28.8%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74011, you may be able to get a good deal. 54.1% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in 74011 in October 2024, down by 28.8% month-over-month. Of the 37 sold homes, 54% were sold under asking, 22% were sold at asking, and 24% were sold over asking.

Days on Market for 74011, OK

How long does it take to sell a home in 74011, OK?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days53 Days+153.8%

Summary: Homes in 74011 had an average of 53 days on market in Oct 2024, up by 153.8% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74011 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 37 homes were sold in 74011; 49% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 24% 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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