Oklahoma City, OK 73120 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

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.

Market Trends & Context

Key Findings

1. The market value and recent transaction benchmark is the median sold price of $228,000, which represents the most reliable indicator of realized prices in the area and should be prioritized over asking prices when valuing SFR and condominium listings.
2. Despite a wide gap between median listing price of $374,875 and the median sold price of $228,000, current conditions show neutral market temperature and down price momentum year‑over‑year, suggesting seller expectations may be above prevailing buyer-driven transaction levels and causing pricing friction.
3. Liquidity appears muted with a long median days on market of 238, which signals slower sales velocity and suggests that price adjustments or targeted marketing may be necessary to accelerate closings under current conditions.
4. Rental fundamentals remain constructive with median market rent of $1,055 and a up rent year‑over‑year trend, indicating potential for stable rental demand that can support investor interest even as sales activity softens.
5. Interest rate pressure is moderate, which, combined with relatively constrained active supply in the analyzed sample and slower transaction velocity, suggests a balanced market where sellers may need to be more responsive on price or terms to match buyer financing realities.

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.