Is 74056, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74056 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 74056 was a Buyer's Market.

Key Takeaway

74056 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74056, OK

How much do homes in 74056, OK cost?

Median Sold Price

$140,000

$86/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$31,000(-18.1%)

Key Takeaway

Homes in 74056 have sold for 18.1% less than they did a month ago.

Summary: The median home sold price in 74056 was $140,000 in October 2024, down 18.1% from last month, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$140K
N/A
4 $171K-
N/A
5+ --
N/A

Summary: 74056 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.

Median Sold Price Compared To Nearby Zip Codes

74022
-0.3%
74056
-18.1%

Housing Supply in 74056, OK

How many homes are available in 74056, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1620+25.0%

Summary: The 74056 real estate market had 20 homes for sale in October 2024, a 25.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 913
+44.4%
4 32
-33.3%
5+ 22
0.0%

Summary: The 74056 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 increased by 44.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 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 74056, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 74056 in October 2024, up by 300.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 74056, OK

How long does it take to sell a home in 74056, OK?

Average Sale Time

Sep 2024Oct 2024CHANGE
2 Days76 Days+3700.0%

Summary: Homes in 74056 had an average of 76 days on market in Oct 2024, up by 3700% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 74056 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 74056; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 23 Days Ago

Newest Listings in 74056, OK

Nearby Markets to 74056, OK