Oklahoma City, OK 73120 Real Estate Market Report

ZIP Code: 73120
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 73120 area are averaging 6.4%, which is 0.8% higher than the 5.6% average observed earlier 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. 249,000 is the neighborhood's median sold price and serves as the primary indicator of realized market value and recent transaction activity; the gap between the median sold price and the median listing price of 354,900 suggests sellers may be pricing above recently achieved sale levels, creating pricing friction that may require concessions or time to close deals.

2. The market shows slower sales velocity with a median days on market of 196, which appears to be consistent with longer listing periods and may indicate that buyers are taking more time to transact; this implies moderate liquidity pressure rather than immediate turnover.

3. Price momentum is positive: the price year-over-year trend is up, while rents are also rising with a rent year-over-year trend of up; combined with a median price per square foot of 159, this suggests gradual appreciation potential, though realized gains depend on closing the listing–sale price gap.

4. Financing and market balance considerations are mixed: the market temperature is neutral and interest rate pressure is moderate, with local 30-year rates at 6.4% (about 0.8% higher than earlier in 2026) per the property rate comparison; this combination suggests a balanced market where price discovery and buyer qualification will be sensitive to rate movements.

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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.

Oklahoma City, OK 73120 Real Estate Market Report

ZIP Code: 73120
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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 73120 area are averaging 6.4%, which is 0.8% higher than the 5.6% average observed earlier 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 neighborhood's primary market value is represented by the median sold price 141,950, which anchors recent transaction activity and — given the broader Oklahoma City trend — supports a view that prices are generally up year-over-year in the area.

2. There is a modest gap between the median listing price 145,000 and the median sold price 141,950, which may indicate pricing friction where seller expectations exceed recent transaction levels; sellers should consider aligning list strategies to the representative recent sale to improve likelihood of contract.

3. The median days on market 322 points to slower sales velocity and extended marketing timelines; this suggests buyers have more time to negotiate and sellers may need stronger condition, pricing, or marketing to maintain pace — expect prolonged holding periods relative to faster-moving segments.

4. Financing and holding-costs are a relevant constraint: current local mortgage conditions show current 30-year fixed mortgage rates averaging 6.4%, with interest rate pressure characterized as moderate, while rents are trending positively (median market rent 1,250 and rent year-over-year trend up), which may sustain investor interest but also pressure affordability for owner-occupiers.

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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.