OK · Metro #42

Oklahoma City - OK housing market

The Oklahoma City metro has a typical home value of $246,872, up 1.0% from a year ago. Homes sell in 22 days on average - a balanced market. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$246,872
+1.0% vs. year ago
Median sale price
$250,381
+2.9% YoY
Median list price
$306,333
Sale-to-list ratio
97.7%
Selling below ask
Days on market
22d
Listings w/ price cut
25.9%
New listings / mo
2,284
+0.3% YoY
Homes for sale
7,493
+7.3% YoY
Typical rent
$1,399/mo
+2.9% YoY
Context

How to read this data

The typical home value ($246,872) is the Zillow Home Value Index for the Oklahoma City - OK metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.0% over the past year. In Oklahoma City - OK, that means a home worth $244,428 last year is now worth roughly $246,872.

The median sale price , what homes actually close for , is $250,381. Homes are selling at 97.7% of list price, meaning buyers have room to negotiate.

Homes listed in Oklahoma City - OK sit on the market for roughly 22 days before going pending. Shorter = seller's market; longer = buyer's market.

About 25.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 2,284 new listings hit the market each month in Oklahoma City - OK. There are currently 7,493 homes for sale, up 7.3% from a year ago.

The typical monthly rent in Oklahoma City - OK is $1,399, up 2.9% year over year. For investors, the price-to-rent ratio here is roughly 15x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in OK

MetroHome value1-yr changeDays on market
Tulsa - OK$253,725 +2.8% 19.0d
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