Is Tonkawa, OK 74653 a buyer’s or seller’s market?
Tonkawa is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Tonkawa housing market right now
In the three months ending August 31, 2026, 0% of homes in Tonkawa, OK 74653 sold above their list price, the typical home went under contract in 144 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 8 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 (0% then), homes sold more slowly (85 days then) and the median sale price fell 22% to $140,939. Overall, Tonkawa is less competitive than a year ago, which gives buyers more room.
Within Kay County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Newkirk 74647 (25% sold over asking) and Blackwell 74631 (18% sold over asking) are even more competitive.
Run the numbers for 74653
Nearby markets
Blackwell 74631Balanced $62 /sq ftBraman 74632 — /sq ftKaw City 74641Buyer’s market $168 /sq ftNardin 74646 $127 /sq ft Browse all markets →Towns like Tonkawa nearby
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Questions about Tonkawa real estate
Is Tonkawa a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Tonkawa, OK 74653 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 Tonkawa?
The typical home went under contract in 144 days in the latest three months.
Do homes in Tonkawa sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.2% of the list price.
What are property taxes in Tonkawa?
About 0.66% of a home’s value a year in Kay County, or roughly $2,640 on a $400,000 home.
What is the median home price in Tonkawa?
The median sale price was $140,939 in the three months ending August 31, 2026, about $118 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