Is 74962, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 74962 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 74962 was a Seller's Market.

Key Takeaway

74962 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 74962, OK

How much do homes in 74962, OK cost?

Median Sold Price

$216,500

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,500(+14.6%)

Key Takeaway

Homes in 74962 have sold for 14.6% more than they did a year ago.

Summary: The median home sold price in 74962 was $216,500 in November 2024, up 14.6% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $143K$108.4K
-24.2%
2 $162K$137K
-15.4%
3 $174.5K$221.5K
+26.9%
4 $290K$580K
+100.0%
5+ $189K$330K
+74.6%

Summary: 74962 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.2%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 74.6%.

Median Sold Price Compared To Nearby Zip Codes

74955
+33.3%
74427
+14.8%
74962
+14.6%

Housing Supply in 74962, OK

How many homes are available in 74962, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1622+37.5%

Summary: The 74962 real estate market had 22 homes for sale in November 2024, a 37.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1215
+25.0%
4 36
+100.0%
5+ 00
0.0%

Summary: The 74962 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 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 74962, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 74962 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 74962, OK

How long does it take to sell a home in 74962, OK?

Average Sale Time

Nov 2023Nov 2024CHANGE
56 Days83 Days+48.2%

Summary: Homes in 74962 had an average of 83 days on market in Nov 2024, up by 48.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 74962 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 74962; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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

Newest Listings in 74962, OK

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