Is Chelsea, OK 74016 a buyer’s or seller’s market?
Chelsea is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 57% of U.S. ZIP codes, and #32 of 173 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Chelsea housing market right now
In the three months ending August 31, 2026, 29% of homes in Chelsea, OK 74016 sold above their list price, the typical home went under contract in 54 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 15%, homes sold more slowly (28 days then) and the median sale price rose 9% to $190,418. Overall, Chelsea is more competitive than a year ago, so tougher for buyers.
Within Rogers County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at Oologah 74053 (6% sold over asking) or Inola 74036 (10% sold over asking), while Talala 74080 (50% sold over asking) is even more competitive.
Run the numbers for 74016
Nearby markets
Catoosa 74015Seller’s market $168 /sq ftClaremore 74017Seller’s market $155 /sq ftClaremore 74019Seller’s market $169 /sq ftInola 74036Balanced $173 /sq ft Browse all markets →Towns like Chelsea nearby
Find towns like Chelsea in other states →Where Chelsea is
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Questions about Chelsea real estate
Is Chelsea a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Chelsea, OK 74016 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 Chelsea?
The typical home went under contract in 54 days in the latest three months.
Do homes in Chelsea sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 98.8% of the list price.
What are property taxes in Chelsea?
About 0.75% of a home’s value a year in Rogers County, or roughly $3,000 on a $400,000 home.
What is the median home price in Chelsea?
The median sale price was $190,418 in the three months ending August 31, 2026, about $164 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