Is 74041, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74041 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 74041 has remained a Seller's Market.

Key Takeaway

74041 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74041, OK

How much do homes in 74041, OK cost?

Median Sold Price

$166,000

$169/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$40,250(-19.5%)

Key Takeaway

Homes in 74041 have sold for 19.5% less than they did a month ago.

Summary: The median home sold price in 74041 was $166,000 in October 2024, down 19.5% from last month, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $132.5K-
N/A
2 -$166K
N/A
3 -$177.5K
N/A
4 $280K-
N/A
5+ --
N/A

Summary: 74041 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 74041, OK

How many homes are available in 74041, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1012+20.0%

Summary: The 74041 real estate market had 12 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 11
0.0%
3 711
+57.1%
4 10
-100.0%
5+ 00
0.0%

Summary: The 74041 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74041, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 74041 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 74041, OK

How long does it take to sell a home in 74041, OK?

Average Sale Time

Sep 2024Oct 2024CHANGE
18 Days86 Days+364.9%

Summary: Homes in 74041 had an average of 86 days on market in Oct 2024, up by 364.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 74041 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 74041; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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

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