$90,000
5.00 Acres
Land
Rebecca Brewer, Listing Office: Lake Homes Realty, LLC
Is 74070, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 74070 has remained a Seller's Market.
Key Takeaway
74070 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 74070, OK
How much do homes in 74070, OK cost?
Median Sold Price
$289,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,505(+10.9%)
Key Takeaway
Homes in 74070 have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in 74070 was $289,500 in November 2024, up 10.9% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | - | N/A |
| 2 Bedrooms | $130K | $110K | -15.4% |
| 3 Bedrooms | $220.2K | $223.3K | +1.4% |
| 4 Bedrooms | $345K | $351.5K | +1.9% |
| 5+ Bedrooms | $405.7K | $503.9K | +24.2% |
Summary: 74070 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 decreased by 15.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 24.2%.
Housing Supply in 74070, OK
How many homes are available in 74070, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 79 | 81 | +2.5% |
Summary: The 74070 real estate market had 81 homes for sale in November 2024, a 2.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 49 | 47 | -4.1% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 74070 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 decreased by 33.3%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 74070, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 74070 in November 2024, up by 27.3% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 74070, OK
How long does it take to sell a home in 74070, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 30 Days | -44.6% |
Summary: Homes in 74070 had an average of 30 days on market in Nov 2024, down by 44.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 74070 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 74070; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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