Is 74012, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74012 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 74012 has remained a Seller's Market.

Key Takeaway

74012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74012, OK

How much do homes in 74012, OK cost?

Median Sold Price

$265,471

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,971(+3.1%)

Key Takeaway

Homes in 74012 have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in 74012 was $265,471 in October 2024, up 3.1% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $465K$138.9K
-70.1%
2 $155K$175K
+12.9%
3 $222.7K$244.8K
+9.9%
4 $325.5K$315.7K
-3.0%
5+ $366K$350K
-4.4%

Summary: 74012 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.1%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 4.4%.

Median Sold Price Compared To Nearby Zip Codes

74146
+20.6%
74133
+6.4%
74011
+4.1%
74012
+3.1%
74134
-3.7%

Housing Supply in 74012, OK

How many homes are available in 74012, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
266293+10.2%

Summary: The 74012 real estate market had 293 homes for sale in October 2024, a 10.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 69
+50.0%
3 148154
+4.1%
4 88103
+17.0%
5+ 2225
+13.6%

Summary: The 74012 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 increased by 50%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 13.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6459-7.8%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74012, you may be able to get a good deal. 50.8% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in 74012 in October 2024, down by 7.8% month-over-month. Of the 59 sold homes, 51% were sold under asking, 24% were sold at asking, and 25% were sold over asking.

Days on Market for 74012, OK

How long does it take to sell a home in 74012, OK?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days33 Days+44.2%

Summary: Homes in 74012 had an average of 33 days on market in Oct 2024, up by 44.2% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74012 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 59 homes were sold in 74012; 58% of homes were sold within 30 days, 34% 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 21 Days Ago

Newest Listings in 74012, OK

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