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NOWATA, OK 74048

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The NOWATA, OK real estate market (74048) currently shows 30 active listings, with 7 pending sales. Homes are averaging 69 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 69 days on market compared to 51 days last year.

The median listing price has fallen 10% year-over-year, from $151,500 to $136,375.

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Market Context

Market Context

Population: 5,524  ·  Density: 10.1/mi²  ·  Median household income: $49,339

Typical home value: $115,119  ·  Homeownership: 66.4%

Market Overview

Active Listings
30
⇧ 42.9% vs 21 last year
Pending
7
23% pending ratio
Median Price
$136,375
⇩ 10% vs $151,500 last year
Average Price
$281,430
⇧ 76.4% vs $159,508 last year
Days on Market
69
⇧ 35.3% vs 51 days last year

Price Per Square Foot

Median $/sqft
$97
⇩ 7.6% vs $105/sqft last year
Median Home Size
1,708 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 30 this year vs 21 last year
  • Days on market: 69 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $136,375 (-10% YoY)
  • Average: $281,430 (+76.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 30.1 miles — 324 listings ($103,679,792 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
74048Nowata, OK 740480.0 mi22$4,957,920$108,000$225,360
74080Talala, OK 7408012.4 mi5$1,827,250$314,500$365,450
74016Chelsea, OK 7401615.2 mi25$9,186,350$272,063$367,454
74083Wann, OK 7408316.7 mi2$173,000$86,500$86,500
74051Ochelata, OK 7405118.2 mi1$55,000$55,000$55,000
74053Oologah, OK 7405318.4 mi17$6,426,187$388,300$378,011
74301Vinita, OK 7430123.0 mi69$23,652,717$230,000$342,793
74021Collinsville, OK 7402124.2 mi110$40,182,780$348,725$365,298
67337Coffeyville, KS 6733725.2 mi49$8,893,892$159,900$181,508
74332Big Cabin, OK 7433225.8 mi7$2,229,668$314,000$318,524
74330Adair, OK 7433027.5 mi14$5,880,028$308,025$420,002
74002Barnsdall, OK 7400228.8 mi1$115,000$115,000$115,000
67342Edna, KS 6734230.1 mi2$100,000$50,000$50,000

Frequently Asked Questions

How many homes are for sale in NOWATA, OK 74048?

As of September 2026, there are 30 active listings in NOWATA, OK (zip code 74048), compared to 21 the prior year.

What is the median home price in NOWATA, OK 74048?

The median listing price in NOWATA, OK 74048 is $136,375 as of September 2026, a 10% decrease from $151,500 the prior year.

How long do homes stay on the market in NOWATA, OK?

Homes in NOWATA, OK 74048 spend an average of 69 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in NOWATA, OK 74048?

Based on current inventory and days-on-market data as of September 2026, NOWATA, OK 74048 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 69 days on market compared to 51 days last year.

How much can I save on real estate commission in NOWATA, OK?

With SELL123.com's maximum 3% commission, sellers in NOWATA, OK 74048 save an estimated $2,728 compared to a typical 5% commission on the median listing price of $136,375. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.