Oklahoma City, OK 73116 Real Estate Market Report

ZIP Code: 73116
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the median sold price in Oklahoma City, OK (ZIP: 73116) stands at $339,500, reflecting a stable market environment. The neighborhood has not experienced significant price fluctuations, with the price trend remaining flat. This stability suggests that while there may be some pricing friction, the overall demand remains consistent amidst a backdrop of elevated interest rate pressure, which is currently impacting buyer behavior and market dynamics.

The market is transitioning towards a more balanced state, characterized by elevated inventory levels and longer median days on market, currently at 357 days. This indicates a slower sales velocity, as buyers adjust to the prevailing interest rates, leading to a moderate transaction volume. The median listing price of $381,500 suggests sellers may need to recalibrate expectations to align with the current market realities, particularly given the excess supply relative to sales activity.

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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 6.65% compared to historical 2026 origination rates near 6.56%, indicating property owners locked in a slightly more favorable rate.

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 is $339,500, indicating a stable market with no significant price fluctuations.

2. Median days on market are at 357 days, suggesting a slower sales velocity and longer selling times.

3. The median listing price of $381,500 may reflect seller expectations that need adjustment to align with buyer demand.

4. Market temperature is currently neutral, indicating a balanced environment without strong buyer or seller advantages.

5. Elevated interest rate pressure is affecting buyer behavior, contributing to a more cautious market atmosphere.

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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.