Is 74851, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74851 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 74851 has remained a Seller's Market.

Key Takeaway

74851 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74851, OK

How much do homes in 74851, OK cost?

Median Sold Price

$241,250

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,825(+2.5%)

Key Takeaway

Homes in 74851 have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in 74851 was $241,250 in October 2024, up 2.5% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $112.5K$150K
+33.3%
2 $185K$120K
-35.1%
3 $232.7K$233.5K
0.3%
4 $289.2K$292K
+1.0%
5+ $420K$330K
-21.4%

Summary: 74851 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 35.1%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 21.4%.

Median Sold Price Compared To Nearby Zip Codes

74857
+16.3%
74801
+9.2%
73045
+7.5%
74851
+2.5%
74804
-0.5%

Housing Supply in 74851, OK

How many homes are available in 74851, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2628+7.7%

Summary: The 74851 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

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 22
0.0%
3 1820
+11.1%
4 23
+50.0%
5+ 32
-33.3%

Summary: The 74851 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74851, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 74851 in October 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 74851, OK

How long does it take to sell a home in 74851, OK?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days34 Days+169.5%

Summary: Homes in 74851 had an average of 34 days on market in Oct 2024, up by 169.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74851 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 74851; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 4 Days Ago

Newest Listings in 74851, OK

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