Oklahoma City, OK 73120 Real Estate Market Report

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

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Executive Overview

As of April 2026, the housing market in Oklahoma City, OK (ZIP: 73120) reflects a median sold price of $248,250, indicating a stable market environment. The neighborhood has decreased 8% since 2022, suggesting a slight softening in home values. Despite this, the market remains active, with elevated inventory levels providing buyers with more choices, which may indicate a shift towards a more balanced market with a slight buyer advantage.

The median days on market stands at 210 days, highlighting a slower sales velocity and suggesting that properties may be taking longer to sell. This extended timeframe, combined with the $330,000 median listing price, indicates a notable gap between seller expectations and actual market performance. Overall, the market temperature is neutral, reflecting a balance between supply and demand, although the moderate interest rate pressure may also influence buyer activity moving forward.

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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 30-year fixed mortgage rates in Oklahoma City are averaging 6.38%, which is 0.3% higher than the 6.67% average seen in March 2025.

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 $248,250 indicates a stable market, despite an 8% decrease since 2022, suggesting softening home values.

2. With a median days on market of 210 days, properties are experiencing slower sales velocity, which may impact buyer sentiment.

3. The median listing price of $330,000 shows a significant gap compared to sold prices, indicating potential pricing friction for sellers.

4. Elevated inventory levels suggest more choices for buyers, contributing to a balanced market environment.

5. The median market rent of $1,390 remains stable, reflecting flat rental trends in the area.

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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.