Is 74401, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74401 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 74401 was a Seller's Market.

Key Takeaway

74401 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 74401, OK

How much do homes in 74401, OK cost?

Median Sold Price

$135,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$35,050(+35.1%)

Key Takeaway

Homes in 74401 have sold for 35.1% more than they did a year ago.

Summary: The median home sold price in 74401 was $135,000 in November 2024, up 35.1% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $99.5K$335K
+236.7%
2 $62K$69.9K
+12.7%
3 $95K$142K
+49.5%
4 $179.9K$140K
-22.2%
5+ $375.5K$223.2K
-40.5%

Summary: 74401 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 236.7%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 49.5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 40.5%.

Median Sold Price Compared To Nearby Zip Codes

74401
+35.1%
74403
+1.0%

Housing Supply in 74401, OK

How many homes are available in 74401, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7073+4.3%

Summary: The 74401 real estate market had 73 homes for sale in November 2024, a 4.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 810
+25.0%
3 3635
-2.8%
4 2123
+9.5%
5+ 44
0.0%

Summary: The 74401 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
129-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74401, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 74401 in November 2024, down by 25.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for 74401, OK

How long does it take to sell a home in 74401, OK?

Average Sale Time

Nov 2023Nov 2024CHANGE
62 Days22 Days-63.2%

Summary: Homes in 74401 had an average of 22 days on market in Nov 2024, down by 63.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74401 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in 74401; 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 17 Days Ago

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