OK · Metro #42

Oklahoma City - OK housing market

The Oklahoma City metro has a typical home value of $247,745, up 0.9% from a year ago. Homes sell in 21 days on average, a balanced market. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$247,745
+0.9% vs. year ago
Median sale price
$251,645
+3.8% YoY
Median list price
$309,666
Sale-to-list ratio
97.8%
Selling below ask
Days on market
21d
Listings w/ price cut
27.3%
New listings / mo
2,322
+1.7% YoY
Homes for sale
7,664
+6.1% YoY
Typical rent
$1,393/mo
+3.0% YoY
Context

How to read this data

The typical home value ($247,745) 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 0.9% over the past year. In Oklahoma City - OK, that means a home worth $245,535 last year is now worth roughly $247,745.

The median sale price , what homes actually close for , is $251,645. Homes are selling at 97.8% of list price, meaning buyers have room to negotiate.

Homes listed in Oklahoma City - OK sit on the market for roughly 21 days before going pending. Shorter = seller's market; longer = buyer's market.

About 27.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 2,322 new listings hit the market each month in Oklahoma City - OK. There are currently 7,664 homes for sale, up 6.1% from a year ago.

The typical monthly rent in Oklahoma City - OK is $1,393, up 3.0% 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$255,840 +2.9% 20.0d
Get new posts in your inbox. No spam, unsubscribe anytime.