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 November 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

$315,184

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,628(+1.8%)

Key Takeaway

Homes in 74011 have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in 74011 was $315,184 in November 2024, up 1.8% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$92K
N/A
2 $192K$205K
+6.8%
3 $255.7K$257.9K
+0.9%
4 $368K$382.2K
+3.9%
5+ $533.7K$557.2K
+4.4%

Summary: 74011 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 increased by 6.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 4.4%.

Median Sold Price Compared To Nearby Zip Codes

74133
+5.4%
74014
+4.8%
74012
+4.0%
74008
+3.3%
74011
+1.8%

Housing Supply in 74011, OK

How many homes are available in 74011, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
195202+3.6%

Summary: The 74011 real estate market had 202 homes for sale in November 2024, a 3.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1410
-28.6%
3 8490
+7.1%
4 8084
+5.0%
5+ 1718
+5.9%

Summary: The 74011 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 decreased by 28.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4134-17.1%

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 74011, 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 74011 in November 2024, down by 17.1% 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 74011, OK

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

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days37 Days+2.7%

Summary: Homes in 74011 had an average of 37 days on market in Nov 2024, up by 2.7% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

5 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 November 2024, 34 homes were sold in 74011; 59% of homes were sold within 30 days, 26% 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 21 Days Ago

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