Is 74073, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74073 is a buyer's market

Buyer's
Market

Difference Since August 2023

At the same time last year, 74073 was a Seller's Market.

Key Takeaway

74073 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 74073, OK

How much do homes in 74073, OK cost?

Median Sold Price

$254,500

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$500(-0.2%)

Key Takeaway

The sold price of homes in 74073 has remained the same since last year.

Summary: The median home sold price in 74073 was $254,500 in August 2024, down 0.2% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $20K$28K
+40.0%
2 $163K$152K
-6.7%
3 $194.2K$237K
+22.0%
4 $419.2K$433K
+3.3%
5+ $997.5K$750K
-24.8%

Summary: 74073 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 24.8%.

Median Sold Price Compared To Nearby Zip Codes

74126
+20.0%
74070
+12.5%
74073
-0.2%

Housing Supply in 74073, OK

How many homes are available in 74073, OK?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
26260.0%

Summary: The 74073 real estate market had 26 homes for sale in August 2024, the same as July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1413
-7.1%
4 910
+11.1%
5+ 22
0.0%

Summary: The 74073 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74073, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 74073 in August 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 74073, OK

How long does it take to sell a home in 74073, OK?

Average Sale Time

Aug 2023Aug 2024CHANGE
30 Days187 Days+509.8%

Summary: Homes in 74073 had an average of 187 days on market in Aug 2024, up by 509.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were 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

Avg time on Rocket Homes in 74073 has remained consistent over time.

Summary: During August 2024, 2 homes were sold in 74073; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 27 Days Ago

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