Oklahoma City Housing Market

The balanced fundamentals of Oklahoma City’s housing market continued to drive activity in April. On an annual basis, the region recorded the sixth‑highest increase in home sales among major U.S. markets, supported by a surge in new inventory.

In April, Oklahoma City recorded 1,958 home sales, representing a 7.8% year‑over‑year increase. This gain ranked sixth nationally among the largest U.S. housing markets and reflected an early spring demand boost. Nationally, home sales increased just 0.6% over the same period. Although activity remained below the peak levels seen in 2021 and 2022, sales exceeded the pre‑pandemic norm, signaling renewed market strength.

While Oklahoma City proper continued to anchor regional growth, population momentum shifted toward fast‑growing outer suburbs such as Edmond and Yukon. Farther out, El Reno recorded the fastest percentage growth in the region, expanding 3.3% between 2024 and 2025, according to the U.S. Census. Both the East and West Edmond neighborhoods were in the top 10 neighborhoods for new home sales in April.

Over the past year, active listings in Oklahoma City rose 14.7% to 7,758 homes. Inventory levels exceeded pre‑2020 levels, highlighting a rapid increase in available supply. New listings increased 16.9%, placing Oklahoma City among the five fastest‑growing metros nationwide. Market conditions softened as days on market reached 67 in March and months of supply moved beyond 4.5 months for the third time in the market’s history.

Oklahoma City experienced nearly double the rate of new listings added in April 2026 compared with the national trend.

Despite higher supply and longer selling timelines, pricing conditions remained balanced. On a year‑over‑year basis, prices increased 1.4% in March, continuing a moderation trend from the double‑digit growth recorded in 2022. Single-family homes continue to lead the market in overall price at $270,000. Townhome prices declined 17.7%, while condo prices rose 33.4%. Oklahoma City ranked in the bottom three markets by price level, ahead of only Pittsburgh and Cleveland, preserving its affordability advantage.

Despite the higher listings, impacts on pricing power remained limited. Affordability remained a defining feature of the market. The average sale price totaled $269,775, while the median household income stood at $72,930. Although local incomes trailed the national average by about 10%, home prices in April were nearly 30% lower, reinforcing Oklahoma City’s relative affordability.

The median home sale price in Oklahoma City increased by 1.4% compared to the same time last year, while the national median price rose by 1.7%.

Oklahoma City median home prices rose by $3,775 year over year on a nominal basis in April to $269,775. Meanwhile, the national median home price increased by $6,500 to $390,000.

Oklahoma City was the 38th highest-priced housing market among the top 40 largest markets last month. The Oklahoma City median home price of $269,775 was 30.8% below the national median home price. Oklahoma City's median home price in April compares to the market's peak of $279,999 recorded in July of 2025.

The median price of Oklahoma City single-family homes remained $270,000 over the past year, while the median townhome price declined 17.7%, and the median condo price rose 33.4%.

The number of active listings in Oklahoma City increased by 14.7% in April compared to the same time last year, while national active listings rose by 6.3%.

Oklahoma City active listings rose by 995 year over year in April to 7,758 active listings. Oklahoma City ranked 12th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in April.

For context, Oklahoma City active listings rose by 14.7% or 995 year over year in April 2026. Oklahoma City active listings were 1.1% above the April 2019 total of 7,674.

Oklahoma City single-family active listings grew by 14.4% to 7,444 in April. In comparison, townhome active listings rose by 25.0% to 150, and condo active listings increased by 19.7% to 164.

The number of home sales in Oklahoma City increased by 7.8% in April compared to the same time last year, while national home sales rose by 0.6%.

Oklahoma City home sales increased by 141 year over year on a nominal basis in April to 1,958. For context, 1,817 sales closed in Oklahoma City in April 2025.

Oklahoma City ranked sixth for the annual change in home sales out of the top 40 U.S. markets in April on a percentage basis. This year's April increase of 7.8% compares to the 0.2% year over year decrease in April 2025.

Oklahoma City single-family sales increased by 8.0% in April to 1,915. In comparison, townhome sales fell by 25.0% to 18, and condo sales rose by 25.0% to 25.

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 April 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.