Is 74055, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74055 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 74055 was a Seller's Market.

Key Takeaway

74055 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 74055, OK

How much do homes in 74055, OK cost?

Median Sold Price

$329,896

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,149(+4.8%)

Key Takeaway

Homes in 74055 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 74055 was $329,896 in October 2024, up 4.8% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$260K
N/A
2 $158.7K$209.4K
+31.9%
3 $252.5K$277K
+9.7%
4 $374.9K$399K
+6.4%
5+ $504.2K$555K
+10.1%

Summary: 74055 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 increased by 31.9%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Zip Codes

74055
+4.8%
74021
+0.7%
74015
-6.0%

Housing Supply in 74055, OK

How many homes are available in 74055, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
283287+1.4%

Summary: The 74055 real estate market had 287 homes for sale in October 2024, a 1.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 23
+50.0%
3 123121
-1.6%
4 127135
+6.3%
5+ 3027
-10.0%

Summary: The 74055 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 50%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5547-14.5%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74055, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in 74055 in October 2024, down by 14.5% month-over-month. Of the 47 sold homes, 49% were sold under asking, 36% were sold at asking, and 15% were sold over asking.

Days on Market for 74055, OK

How long does it take to sell a home in 74055, OK?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days47 Days+54.3%

Summary: Homes in 74055 had an average of 47 days on market in Oct 2024, up by 54.3% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74055 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 47 homes were sold in 74055; 49% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 74055, OK

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