Is 74840, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74840 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 74840 was a Buyer's Market.

Key Takeaway

74840 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74840, OK

How much do homes in 74840, OK cost?

Median Sold Price

$320,000

$154/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$266,000(+492.6%)

Key Takeaway

Homes in 74840 have sold for 492.6% more than they did a month ago.

Summary: The median home sold price in 74840 was $320,000 in November 2024, up 492.6% from last month, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $54K-
N/A
3 -$360.5K
N/A
4 --
N/A
5+ -$80K
N/A

Summary: 74840 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 74840, OK

How many homes are available in 74840, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1110-9.1%

Summary: The 74840 real estate market had 10 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 77
0.0%
4 22
0.0%
5+ 11
0.0%

Summary: The 74840 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74840, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 74840 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 74840, OK

How long does it take to sell a home in 74840, OK?

Average Sale Time

Oct 2024Nov 2024CHANGE
16 Days156 Days+877.1%

Summary: Homes in 74840 had an average of 156 days on market in Nov 2024, up by 877.1% compared to last month.

Breakdown of Home Sale Times

0 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

Most homes in 74840 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in 74840; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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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