Is 74070, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74070 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 74070 was a Seller's Market.

Key Takeaway

74070 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 74070, OK

How much do homes in 74070, OK cost?

Median Sold Price

$293,995

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,995(+11.8%)

Key Takeaway

Homes in 74070 have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in 74070 was $293,995 in October 2024, up 11.8% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $50K-
N/A
2 $132.5K$110K
-17.0%
3 $220K$232.5K
+5.7%
4 $351.9K$348K
-1.1%
5+ $405.7K$457.9K
+12.9%

Summary: 74070 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 decreased by 17%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 12.9%.

Median Sold Price Compared To Nearby Zip Codes

74073
+28.3%
74126
+12.5%
74070
+11.8%

Housing Supply in 74070, OK

How many homes are available in 74070, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7882+5.1%

Summary: The 74070 real estate market had 82 homes for sale in October 2024, a 5.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 54
-20.0%
3 4649
+6.5%
4 1822
+22.2%
5+ 96
-33.3%

Summary: The 74070 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
238-65.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74070, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 74070 in October 2024, down by 65.2% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% 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

Oct 2023Oct 2024CHANGE
57 Days39 Days-31.6%

Summary: Homes in 74070 had an average of 39 days on market in Oct 2024, down by 31.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74070 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 74070; 63% of homes were sold within 30 days, 13% 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 17 Days Ago

Newest Listings in 74070, OK

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