Oklahoma City Housing Market

A surge in new listings pushed Oklahoma City's median sale price into its first annual decline in over a year. The shift signals that a largely balanced market may now be tilting in favor of buyers.

Active listings increased 14% from a year ago in June, more than three times the national pace, giving buyers more options than in recent years. The total reached 7,732 homes, bringing supply close to pre-pandemic levels and signaling a more balanced market. New listings also increased by 18% year over year to 2,889 homes, adding fresh inventory during the peak selling season. The steady flow of new listings has kept upward pressure on supply, even as buyer demand remains stable. With months of supply at 4.5, sellers faced more competition for buyer attention.

Buyer demand held up as households continued moving in from more expensive markets such as Dallas-Fort Worth. Moore, Norman, and Edmond all posted steady sales activity, reflecting consistent interest across the region. Population trends supported that demand, with Yukon growing 16.8% and Edmond 10.1% from 2020 to 2025. The metro also recorded a modest net inflow of about 1,900 households, reinforcing long-term housing demand.

Homes stayed on the market for 57 days on average in June, up from 55 days a year ago, as buyers took more time to evaluate options. Sellers received 98.4% of their asking price, slightly down from 98.7% last year, indicating modestly improved negotiating power for buyers. While these shifts were small, they marked a clear departure from the intense competition seen in recent years. The trend pointed to a gradual rebalancing rather than a sharp slowdown.

The median sale price fell 1.3% from a year earlier to $275,000 in June, marking the first decline during peak buying season in nearly a decade. The drop reflected the growing supply of homes and softer competition among buyers. Even so, Oklahoma City remained relatively affordable, with prices nearly 30% below the national level despite local incomes trailing by about 10%. This affordability continued to attract buyers looking for lower-cost alternatives. If inventory continues to build through the summer, buyers could gain additional leverage in the coming months.

The median home sale price in Oklahoma City decreased by 1.1% compared to the same time last year, while the national median price rose by 1.5%.

Oklahoma City median home prices decreased by $3,000 year over year on a nominal basis in June to $275,000. Meanwhile, the national median home price increased by $6,000 to $401,000.

Oklahoma City was the 40th highest-priced housing market among the top 40 largest markets last month. The Oklahoma City median home price of $275,000 was 31.4% below the national median home price. Oklahoma City's median home price in June compares to the market's peak of $280,000 recorded in July of 2025.

The median price of Oklahoma City single-family homes fell by $2,500 over the past year to $277,500, while the median townhome price declined by 17.6%, and the median condo price fell by 8.8%.

The number of homes for sale in Oklahoma City increased by 14.0% in June compared to the same time last year, while national homes for sale rose by 4.2%.

Oklahoma City homes for sale rose by 950 year over year in June to 7,732 homes for sale. Oklahoma City ranked fifth, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in June.

Oklahoma City homes for sale were below their pre-pandemic levels in the month of June. Oklahoma City homes for sale were 0.7% below the June 2019 total of 7,784.

Oklahoma City single-family homes for sale grew by 13.3% to 7,405 in June. In comparison, townhomes for sale fell by 4.1% to 118, and condos for sale increased by 72.7% to 209.

The number of home sales in Oklahoma City increased by 11.7% in June compared to the same time last year, while national home sales rose by 6.1%.

Oklahoma City home sales increased by 218 year over year on a nominal basis in June to 2,077. For context, 1,859 sales closed in Oklahoma City in June 2025.

Oklahoma City ranked sixth for the annual change in home sales out of the top 40 U.S. markets in June on a percentage basis. This year's June increase of 11.7% compares to the 0.3% year over year decrease in June 2025.

Oklahoma City single-family sales increased by 11.8% in June to 2,017. In comparison, townhome sales rose by 8.3% to 26, and condo sales rose by 9.7% to 34.

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 transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Oklahoma City during June 2026.

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.

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.

Definition of Inventory

Inventory is the number of unique active listings that were for sale 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.

Definition of Home Sales

The total number of closed home sales on the MLS during the 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.

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.