Is 74857, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74857 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 74857 was a Seller's Market.

Key Takeaway

74857 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 74857, OK

How much do homes in 74857, OK cost?

Median Sold Price

$280,950

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,450(+9.1%)

Key Takeaway

Homes in 74857 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 74857 was $280,950 in November 2024, up 9.1% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$148.8K
N/A
2 $108.5K$226.6K
+108.9%
3 $214K$274K
+28.0%
4 $363.2K$381.5K
+5.0%
5+ $450K$370K
-17.8%

Summary: 74857 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 108.9%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 17.8%.

Median Sold Price Compared To Nearby Zip Codes

74857
+9.1%
73020
+4.7%
74851
-2.0%
73026
-2.8%
73165
-4.5%

Housing Supply in 74857, OK

How many homes are available in 74857, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3335+6.1%

Summary: The 74857 real estate market had 35 homes for sale in November 2024, a 6.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 2318
-21.7%
4 1016
+60.0%
5+ 00
0.0%

Summary: The 74857 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 increased by 100%, 3 bedroom homes decreased by 21.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74857, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 74857 in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 74857, OK

How long does it take to sell a home in 74857, OK?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days71 Days+139.9%

Summary: Homes in 74857 had an average of 71 days on market in Nov 2024, up by 139.9% compared to last year.

Breakdown of Home Sale Times

2 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 74857 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 74857; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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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