Is 74053, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74053 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 74053 has remained a Seller's Market.

Key Takeaway

74053 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74053, OK

How much do homes in 74053, OK cost?

Median Sold Price

$349,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$73,500(+26.7%)

Key Takeaway

Homes in 74053 have sold for 26.7% more than they did a year ago.

Summary: The median home sold price in 74053 was $349,000 in November 2024, up 26.7% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $235K$135K
-42.6%
2 $199K$247.5K
+24.4%
3 $237.2K$243.5K
+2.6%
4 $330K$468K
+41.8%
5+ $400K$640K
+60.0%

Summary: 74053 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.6%, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 41.8%, and 5+ bedroom homes increased by 60%.

Median Sold Price Compared To Nearby Zip Codes

74053
+26.7%
74019
+3.2%
74021
+1.1%
74017
-5.3%

Housing Supply in 74053, OK

How many homes are available in 74053, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2017-15.0%

Summary: The 74053 real estate market had 17 homes for sale in November 2024, a 15.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 00
0.0%
3 55
0.0%
4 119
-18.2%
5+ 32
-33.3%

Summary: The 74053 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74053, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 74053 in November 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 74053, OK

How long does it take to sell a home in 74053, OK?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days26 Days+33.0%

Summary: Homes in 74053 had an average of 26 days on market in Nov 2024, up by 33% compared to last year.

Breakdown of Home Sale Times

4 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 74053 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 74053; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 22 Days Ago

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