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

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.

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

Key Findings

1. The primary indicator of market value and recent transactions is the 338,500 median sold price, which represents a representative recent sale level for SFR and condo properties in ZIP 73116 and should be prioritized over asking prices when assessing comparable value.
2. There is a notable gap between the 384,000 median listing price and the 338,500 median sold price, which may indicate pricing friction and elevated seller expectations relative to recent transaction levels; neutral market temperature suggests this gap could persist while the market balances.
3. Extended selling timelines are evident with a 312 median days on market, which points to slower sales velocity and suggests that liquidity is softer than in fast-turn markets; this dynamic, combined with down price year-over-year trend, appears to favor more cautious pricing or concession strategies.
4. Rental fundamentals remain supportive with a 1,650 median market rent and an up rent year-over-year trend, implying continued investor and renter demand even as interest rate pressure is described as moderate, so investors should weigh financing cost sensitivity against stable rent income potential.

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.