Oklahoma City, OK 73162 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

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market indicator, the median sold price 276,000, represents the representative recent sale level and, when considered alongside the median listing price 279,777, suggests a modest asking premium that may indicate pricing friction between seller expectations and final transaction prices.
2. Market liquidity appears slower as evidenced by a long median days on market of 263, which suggests slower sales velocity and more time required to convert listings into closed transactions.
3. Price year-over-year trend is up, while market temperature is neutral, indicating mild appreciation within an otherwise balanced market where neither buyers nor sellers hold a clear advantage.
4. Rental fundamentals show a median market rent of 1,069 and rent year-over-year trend is up, but interest rate pressure is elevated (current 30-year fixed mortgage rates averaging 6.63%), which may constrain buyer affordability and temper near-term transaction acceleration.

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.