74023 Housing Market Report May 2025•Payne County, Oklahoma

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Housing Prices in 74023, OK

How much do homes in 74023, OK cost?

Housing Market Conditions

Is 74023, OK a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

74023 is a Buyer's Market

Difference Since May 2024

At the same time last year, 74023 was a Seller's Market.

Insight

74023 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$141,700$107/SqFt
+$16,700
+13.4%

Based on all homes sold in the last 12 months

Insight

Homes in 74023 have sold for 13.4% more than they did a year ago.

Summary: The median home sold price in 74023 was $141,700 in May 2025, up 13.4% from last year, and the median price per square foot was $107.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
74023
+13.4%
74030
+8.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1-$78.7K
N/A
2$85.5K$63K
-26.3%
3$134K$150K
+11.9%
4$213.2K$279.2K
+30.9%
5$240K$253K
+5.4%

Summary: 74023 housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -26.3%. The home price for 3 bedroom homes increased by +11.9%. The home price for 4 bedroom homes increased by +30.9%. The home price for 5 bedroom homes increased by +5.4%.

How does 74023, OK compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

74023, OK

Housing supply in 74023, OK

How many homes are available in 74023, OK?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
51Last MonthMay 2025
522 months agoApr 2025
-1.9 %
Change MoMApr – May

Summary: The 74023 real estate market had 51 homes for sale in May 2025, a 1.9 % decrease compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthMay 2025
142 months agoApr 2025
-50.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
287
-12.5%
33634
-5.6%
479
+28.6%
511
0.0%

Summary: 74023 housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -12.5%. The inventory for 3 bedroom homes decreased by -5.6%. The inventory for 4 bedroom homes increased by +28.6%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 74023, OK cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price6 Homes

Insight

If you're buying a home in 74023, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 74023 in May 2025, down by 50.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and and 0% were sold over asking.

Days on Market for 74023, OK

How long does it take to sell a home in 74023, OK?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days4 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in 74023 has remained consistent over time.

Summary: During May 2025, 7 homes were sold in 74023; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
30 DaysThis YearMay 2025
29 Days1 year agoMay 2024
+2.8 %
Change YoYMay 2024 – May 2025

Summary: Homes in 74023 had an average listing age of 30 days in May 2025, up by 2.8% compared to the previous year.

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Newest Listings in 74023, OK

What homes are available in 74023, OK?

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MLS Disclaimers and Copyright

Based on information from MLS Technology Inc., MLS of Oklahoma, and Heartland Multiple Listing Service Inc. for the period 06/01/2023 - 06/01/2025

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater Tulsa Association of Realtors. Information deemed reliable but not guaranteed. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Greater Tulsa Association of REALTORS® MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 4:45:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright© 2025 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 4:44:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

Copyright 2025, Heartland Multiple Listing Service, Inc.

IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Properties displayed may be listed or sold by various participants in the MLS. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 4:39:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.