Oklahoma City Housing Market

Home sale prices in Oklahoma City rose 0.2% in January compared to the same month the prior year, ranking in the top half of major U.S. metros for positive price growth. Current growth is relatively subdued compared to the 2.3% average annual increase over the last 12 months.

Oklahoma City home sales price continues to soften

Oklahoma City’s home prices increased 0.2% year over year in January, falling significantly below the national gain of 1.3%. This places Oklahoma City 19th among the 40 largest U.S. markets for annual price growth on a percentage basis, outpacing other South-Central U.S. metros, including Houston, Austin, and Denver.

Oklahoma City’s home prices stayed steady compared to the prior year

On a dollar basis, Oklahoma City's median home price saw little movement in January, while the median sales price nationally increased by $4,900. This has placed Oklahoma City 38th among the top 40 major markets for median sales price. Growth was driven primarily by attached homes, which rose by $22,000, while prices for detached homes and condos grew by $2,500 or less.

Oklahoma City remains one of the most affordable major markets in the country

Despite strong appreciation over the last six years, Oklahoma City remains among the most affordable major U.S. markets. The average home sale price reached $255,000 in January, ranking among the lowest in the 40 largest U.S. markets, alongside Pittsburgh and Cleveland. This uptick in prices has recovered all losses observed last January, when prices declined.


Data point boxes showing key median home sale price indicators for January in the Oklahoma City market, and comparing them to National figures, with Oklahoma City underperforming compared to National pricing trends.
Oklahoma City remains one of the most affordable major markets while seeing positive growth.


Bar chart showing Oklahoma City's monthly home sale prices, showing Oklahoma City ended January 2026 with a median home sale price of $255,000.
Home sale prices in Oklahoma City have slowed over the last several years.


Line chart showcasing that the annual change in sales price for Oklahoma City is near zero in January 2026 and down significantly from historical peaks of over $38,000 recorded in August 2022.
Strong price increases captured in 2021 and 2022 have been replaced by more subdued growth in 2024 and 2025.


Area chart showing the year-over-year change in home sale prices, with a 0.2% increase in January 2026 compared to the same month in 2025.
In January, the annual change in home sales prices is only up 0.2% from the prior year.


Bar chart showing the typical January sales price in Oklahoma City has returned to the peak first set in 2024 of $255,000.
2026 has seen a return to peak January pricing, which was last achieved in 2024.


Bar chart showing the year-over-year percent change in median home sale price in January over the past eight years, with Oklahoma City's median home sale price up 0.2% in January 2026.
Annual price gains in 2026 have made up lost ground from the year prior.


Bar chart showing median home sale prices in January, with Oklahoma City ranked 38th out of 40 US markets.
Oklahoma City ranks 38th amongst the top 40 largest housing markets by sale prices.


Bar chart showing the percentage change in home sale prices in January compared to the same month the previous year, with Oklahoma City ranked 19th out of 40 U.S. markets.
Oklahoma City ranks 19th among the 40 largest U.S. housing markets for annual increases in median home sale prices.


Data point boxes showing home sale price trends by home type, including detached, attached, and condos, showing that attached homes experienced a 25.4% increase in home sale prices in January 2026.
Attached housing units saw the largest year-over-year increase in sales price, at 25.4%.


Bar charts showing home sale price and annual change by home type, including detached, attached, and condos, showing that detached homes had a median sales price of $257,990 in January 2026.
Detached houses and condos posted the lowest annual price gains since January 2025 in Oklahoma City.

For questions and commentary about this report:

Cody Gibbs, Director of Market Analytics at CoStar and Homes.com, based in Dallas-Fort Worth, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Cody Gibbs

Director of Market Analytics

Homes.com

cgibbs2@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all home sales are accounted for, they provide an early indication of home sale price appreciation in Oklahoma City during January 2026.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.

Writer
Cody Gibbs

Cody Gibbs is the Director of Market Analytics at CoStar and Homes.com for Dallas-Fort Worth, Oklahoma, Arkansas, and Louisiana. He leads research and content development across commercial and residential real estate markets, translating market data into clear insights on economic conditions, supply and demand trends, pricing, and development activity. On the residential side, he provides insights into home prices, inventory levels, and rental conditions. Prior to joining CoStar, Cody built a career in economic development, site selection, and labor market analytics across public agencies, private firms, and academic institutions. He holds a master’s degree in economics from The University of Texas at Dallas and is actively involved in the Dallas Economics Club, The Real Estate Council, and the Urban Land Institute.

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