Is 74131, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74131 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 74131 has remained a Seller's Market.

Key Takeaway

74131 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74131, OK

How much do homes in 74131, OK cost?

Median Sold Price

$284,900

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$22,600(-7.3%)

Key Takeaway

Homes in 74131 have sold for 7.3% less than they did a year ago.

Summary: The median home sold price in 74131 was $284,900 in December 2024, down 7.3% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $105K$68K
-35.2%
2 $59.9K$205K
+242.2%
3 $252.5K$255K
+1.0%
4 $365K$550K
+50.7%
5+ $315K$547.2K
+73.7%

Summary: 74131 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.2%, 2 bedroom homes increased by 242.2%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 50.7%, and 5+ bedroom homes increased by 73.7%.

Median Sold Price Compared To Nearby Zip Codes

74132
+19.7%
74063
+4.5%
74066
+1.8%
74107
-4.4%
74131
-7.3%

Housing Supply in 74131, OK

How many homes are available in 74131, OK?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
12+100.0%

Summary: The 74131 real estate market had 2 homes for sale in December 2024, a 100.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 01
+100.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 74131 housing inventory by bedroom type for December 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74131, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 74131 in December 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 74131, OK

How long does it take to sell a home in 74131, OK?

Average Sale Time

Dec 2023Dec 2024CHANGE
14 Days3 Days-79.3%

Summary: Homes in 74131 had an average of 3 days on market in Dec 2024, down by 79.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74131 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in 74131; 100% of homes were sold within 30 days, 0% 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 7 Days Ago

Newest Listings in 74131, OK

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