Is 74873, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74873 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 74873 has remained a Seller's Market.

Key Takeaway

74873 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 74873, OK

How much do homes in 74873, OK cost?

Median Sold Price

$160,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,000(-1.8%)

Key Takeaway

Homes in 74873 have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in 74873 was $160,000 in October 2024, down 1.8% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$83K
N/A
2 $93.7K$105K
+12.0%
3 $137K$155K
+13.1%
4 $292K$221.5K
-24.1%
5+ $380K$405K
+6.6%

Summary: 74873 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 increased by 12%, 3 bedroom homes increased by 13.1%, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Zip Codes

74852
+58.9%
74801
+9.2%
74851
+2.5%
74873
-1.8%

Housing Supply in 74873, OK

How many homes are available in 74873, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5345-15.1%

Summary: The 74873 real estate market had 45 homes for sale in October 2024, a 15.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 54
-20.0%
3 3527
-22.9%
4 89
+12.5%
5+ 33
0.0%

Summary: The 74873 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 decreased by 20%, 3 bedroom homes decreased by 22.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 74873, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 74873 in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.

Days on Market for 74873, OK

How long does it take to sell a home in 74873, OK?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days37 Days+63.2%

Summary: Homes in 74873 had an average of 37 days on market in Oct 2024, up by 63.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74873 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 74873; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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

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