$42,500
1.09 Acres
Land
Jackie Drain, Listing Office: Cherrywood
Is 74451, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 74451 has remained a Seller's Market.
Key Takeaway
74451 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 74451, OK
How much do homes in 74451, OK cost?
Median Sold Price
$250,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$62,500(+33.3%)
Key Takeaway
Homes in 74451 have sold for 33.3% more than they did a year ago.
Summary: The median home sold price in 74451 was $250,000 in October 2024, up 33.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $145K | $145K | 0.0% |
| 3 Bedrooms | $222.5K | $260.5K | +17.1% |
| 4 Bedrooms | $260K | $310K | +19.2% |
| 5+ Bedrooms | $305.9K | - | N/A |
Summary: 74451 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 did not change, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes did not change.
Housing Supply in 74451, OK
How many homes are available in 74451, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The 74451 real estate market had 28 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 74451 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 74451, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 74451 in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 74451, OK
How long does it take to sell a home in 74451, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 86 Days | +54.8% |
Summary: Homes in 74451 had an average of 86 days on market in Oct 2024, up by 54.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 74451 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in 74451; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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