$157,500
16.50 Acres
Land
Stephanie Ross, Listing Office: Pembrook Realty Group
Is 74016, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84.8K | $109K | +28.5% |
| 2 Bedrooms | $119K | $135K | +13.4% |
| 3 Bedrooms | $232.5K | $217K | -6.7% |
| 4 Bedrooms | $202.5K | $335K | +65.4% |
| 5+ Bedrooms | $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 | $184K | $220K | +19.6% |
| 74048 | $123.5K | $131.2K | +6.3% |
| 74017 | $230K | $224.9K | -2.2% |
Housing Supply in 74016, OK
How many homes are available in 74016, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 43 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
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.
