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 4 Days Ago

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