Oklahoma City, OK 73114 Real Estate Market Report

ZIP Code: 73114
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Oklahoma City market in February 2026 shows a median sold price of $152,000, reflecting a competitive environment supported by strong buyer interest. The neighborhood has increased up since 2023, indicating a positive trend in home values. Despite this upward movement, the market is characterized by elevated inventory levels, suggesting a potential shift towards a more balanced state as inventory increases may lead to moderated price growth in the near future.

Market velocity appears to be slower, with properties averaging 307 days on market. This extended duration may indicate a degree of pricing friction, as sellers adjust expectations to align with buyer sentiment. The median listing price stands at $175,000, creating a notable gap between listing and sold prices, which may further influence transaction dynamics as the market adjusts to current conditions.

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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

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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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Oklahoma City, OK, average around 6.17% to 6.56%, which is slightly higher than recent lows seen in the market around 5.625% to 5.875% for property owners.

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 $152,000 indicates a positive trend in home values, reflecting strong buyer interest.

2. With a median listing price of $175,000, there is a significant gap compared to sold prices, suggesting potential pricing friction.

3. Properties are experiencing 307 days on market, indicating slower sales velocity and a need for sellers to align expectations with market realities.

4. The market temperature is considered hot, which may lead to increased competition among buyers despite the elevated inventory levels.

5. Rental demand remains robust with a median market rent of $1,390, although the pace of rent increases is showing signs of moderation.

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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.