Is 74126, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74126 is a buyer's market

Buyer's
Market

Difference Since August 2023

At the same time last year, 74126 was a Seller's Market.

Key Takeaway

74126 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 74126, OK

How much do homes in 74126, OK cost?

Median Sold Price

$90,000

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$15,000(+20.0%)

Key Takeaway

Homes in 74126 have sold for 20% more than they did a year ago.

Summary: The median home sold price in 74126 was $90,000 in August 2024, up 20% from last year, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $75K$77.4K
+3.3%
3 $72K$90K
+25.0%
4 $171K$114.3K
-33.1%
5+ -$163.5K
N/A

Summary: 74126 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

74126
+20.0%
74106
+14.5%
74127
+8.3%
74073
-0.2%

Housing Supply in 74126, OK

How many homes are available in 74126, OK?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
6153-13.1%

Summary: The 74126 real estate market had 53 homes for sale in August 2024, a 13.1% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 4639
-15.2%
4 75
-28.6%
5+ 00
0.0%

Summary: The 74126 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 increased by 12.5%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
136-53.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74126, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 74126 in August 2024, down by 53.8% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for 74126, OK

How long does it take to sell a home in 74126, OK?

Average Sale Time

Aug 2023Aug 2024CHANGE
59 Days27 Days-53.5%

Summary: Homes in 74126 had an average of 27 days on market in Aug 2024, down by 53.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74126 are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 6 homes were sold in 74126; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 26 Days Ago

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