Is 74801, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74801 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 74801 has remained a Seller's Market.

Key Takeaway

74801 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74801, OK

How much do homes in 74801, OK cost?

Median Sold Price

$153,087

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,087(+9.3%)

Key Takeaway

Homes in 74801 have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in 74801 was $153,087 in November 2024, up 9.3% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $27K$34K
+25.9%
2 $66K$89.9K
+36.2%
3 $153.5K$165K
+7.5%
4 $249.9K$247.7K
-0.9%
5+ $380K$420K
+10.5%

Summary: 74801 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 36.2%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 10.5%.

Median Sold Price Compared To Nearby Zip Codes

74801
+9.3%
74873
+5.9%
74804
0.0%
74851
-2.0%

Housing Supply in 74801, OK

How many homes are available in 74801, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
139135-2.9%

Summary: The 74801 real estate market had 135 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3833
-13.2%
3 5962
+5.1%
4 3231
-3.1%
5+ 109
-10.0%

Summary: The 74801 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 decreased by 13.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2532+28.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74801, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 74801 in November 2024, up by 28.0% month-over-month. Of the 32 sold homes, 56% were sold under asking, 28% were sold at asking, and 16% were sold over asking.

Days on Market for 74801, OK

How long does it take to sell a home in 74801, OK?

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days54 Days+149.8%

Summary: Homes in 74801 had an average of 54 days on market in Nov 2024, up by 149.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74801 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 32 homes were sold in 74801; 44% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 22% 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 21 Days Ago

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