Is 74120, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74120 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 74120 was a Seller's Market.

Key Takeaway

74120 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 74120, OK

How much do homes in 74120, OK cost?

Median Sold Price

$376,250

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$76,250(+25.4%)

Key Takeaway

Homes in 74120 have sold for 25.4% more than they did a year ago.

Summary: The median home sold price in 74120 was $376,250 in October 2024, up 25.4% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $71K$285K
+301.4%
2 $300K$234K
-22.0%
3 $330.2K$388.5K
+17.7%
4 $295K$680K
+130.5%
5+ $330K$540K
+63.6%

Summary: 74120 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 301.4%, 2 bedroom homes decreased by 22%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 130.5%, and 5+ bedroom homes increased by 63.6%.

Median Sold Price Compared To Nearby Zip Codes

74120
+25.4%
74104
+9.6%
74106
-0.9%
74119
-24.7%

Housing Supply in 74120, OK

How many homes are available in 74120, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
19190.0%

Summary: The 74120 real estate market had 19 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 55
0.0%
3 910
+11.1%
4 33
0.0%
5+ 10
-100.0%

Summary: The 74120 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 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 74120, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 74120 in October 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 74120, OK

How long does it take to sell a home in 74120, OK?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days51 Days+94.9%

Summary: Homes in 74120 had an average of 51 days on market in Oct 2024, up by 94.9% compared to last year.

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 74120 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 74120; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

Newest Listings in 74120, OK

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