Oklahoma City, OK 73116 Real Estate Market Report

ZIP Code: 73116
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: 73116) reflects a median sold price of $324,900, indicating a stable market despite a slight moderation in sales velocity. The neighborhood has increased in value, with a year-over-year trend showing prices moving up. However, the median days on market has risen to 259, suggesting a slower transaction pace and potential pricing friction as buyers adjust to current market conditions.

The inventory landscape is characterized by elevated levels, with a notable gap between the median listing price of $375,000 and the sold price. This discrepancy may indicate seller expectations that are not fully aligned with buyer sentiment, contributing to the slower sales velocity. Despite these challenges, strong rental demand persists, with a median market rent of $1,510, reflecting ongoing economic stability and affordability pressures in the area.

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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 the Oklahoma City market average around 6.09% as of February 2026, which is 1.78% lower than the 6.87% average from one year prior.

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 $324,900 suggests a stable market with recent price increases up compared to previous periods.

2. Elevated inventory levels indicate a potential mismatch between seller expectations and buyer activity, contributing to a median days on market of 259.

3. The median listing price of $375,000 shows a significant gap from the sold price, which may create pricing friction in the market.

4. With a median market rent of $1,510, rental demand remains strong, supporting overall market stability amid rising prices.

5. Current interest rate pressure is noted as elevated, which may influence buyer behavior and transaction volume moving forward.

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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.