RealTrends Market Report

Oklahoma City, OK

Single-Family Homes

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Oklahoma City, OK

Mon Dec 02 2024
This week the median list price for Oklahoma City, OK is $279,900 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 1,819. Click here to stay informed with the Oklahoma City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Oklahoma City, OK

Mon Dec 02 2024
This week the median list price for Oklahoma City, OK is $279,900 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 1,819. Click here to stay informed with the Oklahoma City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Oklahoma City market.
Median List Price $279,900
Median Price of New Listings $239,900
Per Square Foot $162
Average Days on Market 94
Median Days on Market 63
Price Decreased 50%
Price Increased 4%
Relisted 14%
Inventory 1,819
Median Rent
Market Action 35
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$575,000 3,014 0.25 - 0.5 acre 4 3 17 23 32 91
$332,500 2,001 8,000 - 10,000 sqft 3 2 28 34 32 70
$245,000 1,574 6,500 - 8,000 sqft 3 2 36 40 44 56
$166,500 1,186 6,500 - 8,000 sqft 3 1.5 68 68 79 42