Oklahoma City, OK 73114 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 of recent market value is the median sold price 93,500, which suggests a representative recent sale level that buyers and appraisers should prioritize over asking prices; use sold transactions for valuation.
2. Despite a much higher median listing price of 185,000, the median sold price remains 93,500, which may indicate pricing friction between seller expectations and actual transaction outcomes; pricing gap appears to be present and may require seller adjustments to achieve timely sales.
3. Market velocity appears slow based on the median days on market of 351, which, together with the median sold price of 93,500, suggests slower sales velocity and elongated marketing periods rather than rapid turnover; slower transaction velocity may lengthen time-to-close.
4. Macro signals are mixed but broadly neutral: price year-over-year trend is up while market temperature is neutral, rent year-over-year trend is up, and interest rate pressure is moderate (with current 30-year fixed mortgage rates averaging 6.6%); when evaluating the median sold price 93,500, these factors suggest a balanced market where well-priced homes can sell but buyers have more negotiation leverage; balanced conditions.

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.