Is Velma, OK 73491 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Velma is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Velma housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Stephens County, OK

Population	791
Median income	$83,750
Average income	$76,783
Median home value	$114,600
Median rent	$971/month
Owner-occupied	72% of homes
Median year built	1974

Natural hazard riskTornadoes (relatively high), hail (relatively high), wildfire (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 73491; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 73491

Prefilled for 73491Can I win this house?Multiple-offer likelihood for a listing Prefilled for 73491Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Comanche 73529Buyer’s market $118 /sq ft Duncan 73533Balanced $103 /sq ft Foster 73434 — /sq ft Loco 73442Balanced $126 /sq ft Browse all markets →

Where Velma is

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Questions about Velma real estate

What are property taxes in Velma?

About 0.68% of a home’s value a year in Stephens County, or roughly $2,720 on a $400,000 home.

Local agents

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More tools for 73491

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Stephens County property taxes Stephens County loan limits Closing costs in Oklahoma Hottest ZIP codes in Oklahoma

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology