Is 74421, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74421 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 74421 has remained a Seller's Market.

Key Takeaway

74421 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74421, OK

How much do homes in 74421, OK cost?

Median Sold Price

$215,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$80,000(-27.1%)

Key Takeaway

Homes in 74421 have sold for 27.1% less than they did a year ago.

Summary: The median home sold price in 74421 was $215,000 in October 2024, down 27.1% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$40K
N/A
2 $97.5K$172.5K
+76.9%
3 $289.7K$204.9K
-29.3%
4 $660.5K$395K
-40.2%
5+ $454.7K$579.5K
+27.4%

Summary: 74421 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 increased by 76.9%, 3 bedroom homes decreased by 29.3%, 4 bedroom homes decreased by 40.2%, and 5+ bedroom homes increased by 27.4%.

Median Sold Price Compared To Nearby Zip Codes

74047
+41.7%
74447
+21.3%
74421
-27.1%

Housing Supply in 74421, OK

How many homes are available in 74421, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
18180.0%

Summary: The 74421 real estate market had 18 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 22
0.0%
3 810
+25.0%
4 55
0.0%
5+ 21
-50.0%

Summary: The 74421 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74421, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 74421 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 74421, OK

How long does it take to sell a home in 74421, OK?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days83 Days+303.9%

Summary: Homes in 74421 had an average of 83 days on market in Oct 2024, up by 303.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74421 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 74421; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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

Newest Listings in 74421, OK

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