Oklahoma City, OK 73120 Real Estate Market Report

ZIP Code: 73120
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Oklahoma City housing market in early 2026 shows a median sold price of $250,000, reflecting a stable environment for recent transactions. The market has experienced a year-over-year price trend that is up, indicating a modest appreciation in property values. This positive trajectory is supported by ongoing local economic growth, which continues to attract new residents to the area.

Despite the favorable price movements, the market is characterized by 137 median days on market, suggesting a slower sales velocity. Elevated inventory levels appear to be present, with a notable number of properties available relative to the sales activity. This excess supply may indicate a need for sellers to adjust expectations to align with current market realities, as the median listing price stands at $285,000, creating a pricing gap that could affect liquidity.

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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 average 30-year fixed mortgage rates in Oklahoma City are around 6.17% compared to 6.65% (estimated average of 6.56% to 6.8% range) when loans originated a year ago, indicating a favorable market shift for refinancing.

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 $250,000 reflects a stable market condition, with prices showing an up trend year-over-year.

2. A median listing price of $285,000 indicates a pricing gap that may create pricing friction for sellers.

3. With 137 median days on market, the market is experiencing slower sales velocity, suggesting a cautious buyer sentiment.

4. The median market rent of $1,390 continues to rise, indicating strong rental demand in the area.

5. Overall, the market temperature remains neutral, suggesting a balanced environment despite elevated inventory levels.

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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.