Is 74447, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74447 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 74447 was a Seller's Market.

Key Takeaway

74447 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 74447, OK

How much do homes in 74447, OK cost?

Median Sold Price

$142,250

$90/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+21.3%)

Key Takeaway

Homes in 74447 have sold for 21.3% more than they did a year ago.

Summary: The median home sold price in 74447 was $142,250 in October 2024, up 21.3% from last year, and the median price per square foot was $90.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $72.5K$39.5K
-45.5%
2 $59K$96K
+62.7%
3 $126.5K$146K
+15.4%
4 $148K$207K
+39.9%
5+ $199K$57.7K
-71.0%

Summary: 74447 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.5%, 2 bedroom homes increased by 62.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 39.9%, and 5+ bedroom homes decreased by 71%.

Median Sold Price Compared To Nearby Zip Codes

74437
+21.7%
74859
+21.7%
74447
+21.3%
74421
-27.1%

Housing Supply in 74447, OK

How many homes are available in 74447, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8692+7.0%

Summary: The 74447 real estate market had 92 homes for sale in October 2024, a 7.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 2729
+7.4%
3 4144
+7.3%
4 1113
+18.2%
5+ 54
-20.0%

Summary: The 74447 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 7.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
11110.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74447, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 74447 in October 2024, the same as the previous month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.

Days on Market for 74447, OK

How long does it take to sell a home in 74447, OK?

Average Sale Time

Oct 2023Oct 2024CHANGE
75 Days26 Days-64.7%

Summary: Homes in 74447 had an average of 26 days on market in Oct 2024, down by 64.7% compared to last year.

Breakdown of Home Sale Times

8 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 74447 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 74447; 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 17 Days Ago

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