Oklahoma City, OK 73106 Real Estate Market Report

ZIP Code: 73106
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Oklahoma City, OK (ZIP: 73106) is characterized by a median sold price of $285,000, reflecting a cooling trend in buyer activity. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics that may suggest a more buyer-friendly environment. The median listing price stands at $335,000, which reveals a significant gap between seller expectations and actual market transactions, potentially leading to pricing friction as sellers adjust to the current market conditions.

Transaction velocity appears to be slower, with properties remaining on the market for a median of 189 days. This extended timeframe may indicate elevated inventory levels relative to sales activity, contributing to a neutral market temperature. Despite the cooler market conditions, rental demand remains robust, with a median market rent of $1,353, suggesting that while sales may be softening, the rental sector continues to attract interest and investment.

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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.

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Market Metrics

Note: 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.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Oklahoma City, OK, around 6.17% are lower than the 2026 average of 6.56% seen earlier this year, indicating a favorable refinancing window for recent borrowers.

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

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Key Findings

1. The median sold price of $285,000 indicates a decrease in property values compared to previous years.

2. With a median listing price of $335,000, there is a notable gap between asking prices and sold prices, suggesting pricing friction in the market.

3. Properties are taking a median of 189 days on market, reflecting slower sales velocity and potentially elevated inventory levels.

4. The market temperature is currently neutral, indicating balanced conditions despite the recent price declines.

5. Rental demand remains strong with a median market rent of $1,353, highlighting a growing rental market even amid sales softness.

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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.