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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74055 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 74055 has remained a Seller's Market.

Key Takeaway

74055 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74055, OK

How much do homes in 74055, OK cost?

Median Sold Price

$328,866

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,184(+4.2%)

Key Takeaway

Homes in 74055 have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in 74055 was $328,866 in November 2024, up 4.2% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$260K
N/A
2 $155K$209.4K
+35.1%
3 $255K$275K
+7.8%
4 $374.9K$395.5K
+5.5%
5+ $495K$540K
+9.1%

Summary: 74055 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Zip Codes

74055
+4.2%
74015
+2.9%
74021
+1.1%

Housing Supply in 74055, OK

How many homes are available in 74055, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
291264-9.3%

Summary: The 74055 real estate market had 264 homes for sale in November 2024, a 9.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 32
-33.3%
3 127114
-10.2%
4 131119
-9.2%
5+ 2929
0.0%

Summary: The 74055 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5356+5.7%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

6 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. 55.4% of homes here sold below asking price last month.

Summary: A total of 56 homes were sold or pending in 74055 in November 2024, up by 5.7% month-over-month. Of the 56 sold homes, 55% were sold under asking, 34% were sold at asking, and 11% 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

Nov 2023Nov 2024CHANGE
22 Days42 Days+93.7%

Summary: Homes in 74055 had an average of 42 days on market in Nov 2024, up by 93.7% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 74055 has remained consistent over time.

Summary: During November 2024, 56 homes were sold in 74055; 43% of homes were sold within 30 days, 45% 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 22 Days Ago

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