Is 74361, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74361 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 74361 has remained a Seller's Market.

Key Takeaway

74361 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74361, OK

How much do homes in 74361, OK cost?

Median Sold Price

$205,500

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,000(+6.8%)

Key Takeaway

Homes in 74361 have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in 74361 was $205,500 in October 2024, up 6.8% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $234K-
N/A
2 $116.2K$100K
-14.0%
3 $192.2K$206K
+7.2%
4 $335.4K$340K
+1.4%
5+ $1.3M$475K
-64.7%

Summary: 74361 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 64.7%.

Median Sold Price Compared To Nearby Zip Codes

74352
+19.7%
74361
+6.8%
74337
0.0%

Housing Supply in 74361, OK

How many homes are available in 74361, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9996-3.0%

Summary: The 74361 real estate market had 96 homes for sale in October 2024, a 3.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 6761
-9.0%
4 2120
-4.8%
5+ 58
+60.0%

Summary: The 74361 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 increased by 16.7%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1521+40.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74361, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 74361 in October 2024, up by 40.0% month-over-month. Of the 21 sold homes, 52% were sold under asking, 29% were sold at asking, and 19% were sold over asking.

Days on Market for 74361, OK

How long does it take to sell a home in 74361, OK?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days35 Days-20.8%

Summary: Homes in 74361 had an average of 35 days on market in Oct 2024, down by 20.8% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74361 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 21 homes were sold in 74361; 62% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% 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 4 Days Ago

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