RealTrends Market Report

Oklahoma City, OK

Single-Family Homes

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Oklahoma City, OK

Mon Jun 17 2024
This week the median list price for Oklahoma City, OK is $299,900 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has increased to 1,293. 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

The market has started cooling and prices have been flat for several weeks. Since 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 Jun 17 2024
This week the median list price for Oklahoma City, OK is $299,900 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has increased to 1,293. 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

The market has started cooling and prices have been flat for several weeks. Since 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 $299,900
Median Price of New Listings $250,000
Per Square Foot $167
Average Days on Market 84
Median Days on Market 49
Price Decreased 47%
Price Increased 7%
Relisted 9%
Inventory 1,293
Median Rent
Market Action 42
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
$659,000 3,406 0.25 - 0.5 acre 4 3.5 18 26 25 77
$358,774 2,093 8,000 - 10,000 sqft 3 2 14 42 32 56
$265,000 1,658 6,500 - 8,000 sqft 3 2 24 39 42 49
$174,900 1,198 6,500 - 8,000 sqft 3 1.5 70 80 73 28