Is 74020, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74020 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 74020 has remained a Seller's Market.

Key Takeaway

74020 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74020, OK

How much do homes in 74020, OK cost?

Median Sold Price

$173,000

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,000(+8.1%)

Key Takeaway

Homes in 74020 have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in 74020 was $173,000 in October 2024, up 8.1% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$125K
N/A
2 $99.5K$85K
-14.6%
3 $165K$173K
+4.8%
4 $219K$325K
+48.4%
5+ $629K-
N/A

Summary: 74020 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 48.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

74020
+8.1%
74035
-4.9%

Housing Supply in 74020, OK

How many homes are available in 74020, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3433-2.9%

Summary: The 74020 real estate market had 33 homes for sale in October 2024, a 2.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 58
+60.0%
3 2016
-20.0%
4 87
-12.5%
5+ 12
+100.0%

Summary: The 74020 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 60%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74020, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 74020 in October 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 74020, OK

How long does it take to sell a home in 74020, OK?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days28 Days-22.9%

Summary: Homes in 74020 had an average of 28 days on market in Oct 2024, down by 22.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74020 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 74020; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 17 Days Ago

Newest Listings in 74020, OK

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