Oklahoma City, OK 73119 Real Estate Market Report

ZIP Code: 73119
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 Oklahoma City market is characterized by a median sold price of $120,000, reflecting a stable market environment. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics that may be attributed to rising inventory levels and necessary seller concessions. Current market conditions suggest a transition from a previously hot market to a more neutral stance, where buyers are gaining leverage due to elevated inventory levels relative to sales activity.

Transaction velocity appears to be slower, with properties averaging 272 days on market. This extended duration may indicate pricing friction as sellers adjust expectations in response to the current market landscape. Despite these challenges, the local economy remains fundamentally positive, supported by key sectors such as oil and healthcare, which may provide a buffer against further price declines. Overall, the market is stabilizing, with forecasts suggesting modest appreciation for the remainder of 2026.

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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 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 6.375% to 6.875%, which is lower than the 6.84% average rate seen for similar loans originated in 2026.

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 listing price stands at $149,900, reflecting seller expectations that may not align with current buyer sentiment.

2. With a median days on market of 272, properties are experiencing slower sales velocity, indicating potential pricing adjustments may be necessary.

3. The median market rent is $1,016, which has seen an upward trend, suggesting a resilient rental market despite broader market challenges.

4. Current interest rates are under elevated pressure, averaging between 6.375% and 6.875%, which may impact buyer affordability and demand.

5. The market temperature is neutral, indicating a balanced environment where neither buyers nor sellers have a distinct advantage.

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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.