OK · Metro #42

Oklahoma City - OK housing market

The Oklahoma City metro has a typical home value of $245,682, up 1.1% from a year ago. Homes sell in 27 days on average - a balanced market. 24% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$245,682
+1.1% vs. year ago
Median sale price
$252,338
+5.8% YoY
Median list price
$302,967
Sale-to-list ratio
97.2%
Selling below ask
Days on market
27d
Listings w/ price cut
24.5%
New listings / mo
2,074
+4.0% YoY
Homes for sale
7,297
+10.2% YoY
Typical rent
$1,392/mo
+2.9% YoY
Context

How to read this data

The typical home value ($245,682) 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 1.1% over the past year. In Oklahoma City - OK, that means a home worth $243,009 last year is now worth roughly $245,682.

The median sale price , what homes actually close for , is $252,338. Homes are selling at 97.2% of list price, meaning buyers have room to negotiate.

Homes listed in Oklahoma City - OK sit on the market for roughly 27 days before going pending. Shorter = seller's market; longer = buyer's market.

About 24.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 2,074 new listings hit the market each month in Oklahoma City - OK. There are currently 7,297 homes for sale, up 10.2% from a year ago.

The typical monthly rent in Oklahoma City - OK is $1,392, 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$252,287 +2.7% 27.0d
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