Oklahoma City, OK 73162 Real Estate Market Report

ZIP Code: 73162
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

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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 Oklahoma City are averaging 6.3%, reflecting a stable market environment for property owners in this area compared to earlier 2026 benchmarks.

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 median sold price: 272,000 is the primary indicator of recent market value and transaction activity, and price is currently up, suggesting modest appreciation backed by closed sales.

2. The median listing price: 294,839 sits above recent transactions, which may indicate pricing friction between seller expectations and realized sale prices rather than a rapid market re-rating.

3. The median days on market: 246 points to slower sales velocity and suggests more time is required to convert listings to closed transactions, consistent with a market described as neutral in temperature.

4. The median market rent: 1,125 combined with rent year-over-year trends that are up supports continued rental demand, but elevated interest rate pressure (elevated) and reported average 30-year fixed mortgage rates of 6.3% may constrain purchase affordability and influence near-term transaction volume.

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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 73162 Real Estate Market Report

ZIP Code: 73162
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 Oklahoma City are averaging 6.3%, reflecting a stable market environment for property owners in this area compared to earlier 2026 benchmarks.

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. 147,000 is the primary indicator of recent market value based on completed transactions and should be treated as the representative recent sale benchmark for assessing pricing and comparables in ZIP 73162.

2. 118 median price per square foot supports the observed up price trend and suggests modest price appreciation on a per-unit-area basis when paired with the median sold price.

3. The market shows a neutral market temperature, which, combined with background signals of growing inventory, suggests balanced conditions with moderate transaction volume and potential pricing friction between seller expectations and final sale outcomes.

4. 1,325 median market rent and a up rent year-over-year trend indicate continued rental demand, while elevated interest rate pressure—Current 30-year fixed mortgage rates in Oklahoma City are averaging 6.3%—may temper buyer affordability and slow purchasing velocity.

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Notable Properties

The following 4 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.