Is 74127, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74127 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 74127 has remained a Seller's Market.

Key Takeaway

74127 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74127, OK

How much do homes in 74127, OK cost?

Median Sold Price

$160,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,600(+15.6%)

Key Takeaway

Homes in 74127 have sold for 15.6% more than they did a year ago.

Summary: The median home sold price in 74127 was $160,000 in November 2024, up 15.6% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $32.5K$158.7K
+388.3%
2 $94.9K$122K
+28.5%
3 $162K$152.9K
-5.6%
4 $235K$280K
+19.1%
5+ $176K$455K
+158.5%

Summary: 74127 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 388.3%, 2 bedroom homes increased by 28.5%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 158.5%.

Median Sold Price Compared To Nearby Zip Codes

74106
+20.0%
74127
+15.6%
74107
+1.8%
74119
-10.6%

Housing Supply in 74127, OK

How many homes are available in 74127, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8171-12.3%

Summary: The 74127 real estate market had 71 homes for sale in November 2024, a 12.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 1714
-17.6%
3 3936
-7.7%
4 1413
-7.1%
5+ 75
-28.6%

Summary: The 74127 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1815-16.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74127, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 74127 in November 2024, down by 16.7% month-over-month. Of the 15 sold homes, 67% were sold under asking, 7% were sold at asking, and 27% were sold over asking.

Days on Market for 74127, OK

How long does it take to sell a home in 74127, OK?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days23 Days-15.6%

Summary: Homes in 74127 had an average of 23 days on market in Nov 2024, down by 15.6% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74127 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 15 homes were sold in 74127; 73% of homes were sold within 30 days, 27% 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 21 Days Ago

Newest Listings in 74127, OK

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