Is 74016, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74016 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 74016 has remained a Seller's Market.

Key Takeaway

74016 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74016, OK

How much do homes in 74016, OK cost?

Median Sold Price

$220,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$36,000(+19.6%)

Key Takeaway

Homes in 74016 have sold for 19.6% more than they did a year ago.

Summary: The median home sold price in 74016 was $220,000 in October 2024, up 19.6% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $84.8K$109K
+28.5%
2 $119K$135K
+13.4%
3 $232.5K$217K
-6.7%
4 $202.5K$335K
+65.4%
5+ $695K$417K
-40.0%

Summary: 74016 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.5%, 2 bedroom homes increased by 13.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 65.4%, and 5+ bedroom homes decreased by 40%.

Median Sold Price Compared To Nearby Zip Codes

74016
+19.6%
74048
+6.3%
74017
-2.2%

Housing Supply in 74016, OK

How many homes are available in 74016, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1518+20.0%

Summary: The 74016 real estate market had 18 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 55
0.0%
3 710
+42.9%
4 21
-50.0%
5+ 12
+100.0%

Summary: The 74016 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 increased by 42.9%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74016, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 74016 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 74016, OK

How long does it take to sell a home in 74016, OK?

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days43 Days-10.9%

Summary: Homes in 74016 had an average of 43 days on market in Oct 2024, down by 10.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74016 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 74016; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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

Newest Listings in 74016, OK

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