Oklahoma City, OK 73162 Real Estate Market Report

ZIP Code: 73162
Report Date: April 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of April 2026, the real estate market in Oklahoma City, OK (ZIP: 73162) is characterized by a median sold price of $250,000, reflecting a stable environment despite slight downward price pressure. The neighborhood has decreased 8% since 2022, indicating a cooling trend in market values. The median listing price stands at $272,500, suggesting a notable gap between seller expectations and actual transaction values, which may contribute to slower sales activity.

The market is currently experiencing elevated inventory levels, with 260 median days on market signaling a slower sales velocity. This, combined with elevated interest rate pressure, is likely impacting buyer affordability and overall market liquidity. Despite these challenges, rental demand remains robust, with a median market rent of $1,410, indicating a strong rental market that could provide alternative investment opportunities for stakeholders.

---

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

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Oklahoma City are averaging 6.38%, which is 0.75% higher than the average rate of 5.63% seen in early 2026.

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

---

Key Findings

1. Median sold price is $250,000, reflecting a decrease of 8% since 2022.

2. Elevated inventory levels suggest excess supply relative to sales activity, contributing to a cooler market.

3. The median days on market is 260, indicating a slower sales velocity and potential pricing friction.

4. Median listing price of $272,500 indicates a gap between seller expectations and market realities, which may affect transaction speed.

5. Strong rental demand is evident with a median market rent of $1,410, suggesting opportunities in the rental sector despite the overall market cooling.

---

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.