Is Frederick, OK 73542 a buyer’s or seller’s market?
Frederick is a buyer’s market. With about 7.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Frederick housing market right now
In the three months ending August 31, 2026, 14% of homes in Frederick, OK 73542 sold above their list price, the typical home went under contract in 77 days and there were 7.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (14% then), homes sold more slowly (52 days then) and the median sale price rose 20% to $120,948. Overall, Frederick is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Grandfield 73546 (0% sold over asking), while Tipton 73570 (20% sold over asking) is even more competitive.
Run the numbers for 73542
Nearby markets
Grandfield 73546Balanced $67 /sq ftManitou 73555 — /sq ftTipton 73570Seller’s market $64 /sq ft Browse all markets →Towns like Frederick nearby
Find towns like Frederick in other states →Where Frederick is
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Questions about Frederick real estate
Is Frederick a buyer’s or seller’s market?
A buyer’s market: there were 7.8 months of supply in Frederick, OK 73542 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Frederick?
The typical home went under contract in 77 days in the latest three months.
Do homes in Frederick sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.
What are property taxes in Frederick?
About 0.63% of a home’s value a year in Tillman County, or roughly $2,520 on a $400,000 home.
What is the median home price in Frederick?
The median sale price was $120,948 in the three months ending August 31, 2026, about $81 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology