Oklahoma City, OK 73116 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator, median sold price, is 287,000, and it should be treated as the most reliable recent transaction signal for neighborhood value; with the price year-over-year trend showing up and the market temperature described as neutral, the market appears to be modestly appreciating while remaining balanced.
2. The gap between the median listing price 415,000 and the median sold price 287,000 suggests pricing friction where seller expectations exceed transaction-level valuations; in a neutral market temperature this spread may indicate that some listings require price adjustments before closing.
3. The median days on market is 349, which signals slower sales velocity and extended time-to-contract; given the neutral market temperature, this likely reflects prolonged negotiation or holding periods rather than abrupt market failure, and sellers should plan for longer marketing timelines.
4. Median market rent is 1,650 and the rent year-over-year trend is up, which supports rental demand, but elevated interest rate pressure and the local mortgage comparison (slightly lower current 30-year fixed mortgage rate relative to typical loans) mean buyer affordability remains sensitive to financing costs and may temper purchase activity.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.