Oklahoma City Housing Market

Home prices and sales stayed largely unchanged from a year ago, but the number of homes for sale continued to grow. As inventory builds and homes take longer to sell, buyers are finding less competition and more opportunities to negotiate.

Oklahoma City's housing market showed few signs of acceleration in July. Sales activity remained largely unchanged from a year ago, suggesting many buyers remained cautious in today's high-price, high-mortgage-rate environment.

Home sales are overwhelmingly concentrated in the single-family segment, which accounts for roughly 97% of all transactions in July. This is a significantly higher share than the broader national median, of which single-family homes account for around 83% of all home sales during the month. Part of Oklahoma City's appeal stems from the affordability of single-family residents, attracting out-of-state buyers and supporting positive population growth.

Inventory growth continued to reshape the market in July. The number of listings increased at a pace nearly three times faster than the national median. As more homes entered the market and sales remained flat, months of supply climbed to 4.5, the biggest build-up since the turn of the decade.

Homes also took longer to sell. Properties spent an average of 57 days on the market, the highest July reading in nearly a decade and more than 40% longer than in July 2022. This elongated timeline gave buyers more opportunities to compare homes and negotiate favorable terms.

View the latest homes for sale in Oklahoma City.

Home prices remained largely unchanged from a year ago, even as inventory expanded and selling times increased. That stability suggested demand remained strong enough to support home values even as buyers gained additional leverage.

Even with affordability challenges for some households, relatively stable prices provided buyers with greater certainty than they faced during the period of rapid appreciation earlier in the decade. Sellers, meanwhile, were still able to benefit from steady demand, though pricing homes competitively became increasingly important as inventory grew.

While asking rates signaled steady pricing, final pricing suggested buyers are beginning to retain more leverage. The average home sold for 97% of its asking price in July, meaning buyers were often able to negotiate discounts. That's a notable shift from 2021 and 2022, when homes frequently sold at or above asking price as buyers competed for a limited supply of listings.

The median home sale price in Oklahoma City held flat compared to the same time last year, while the national median price rose by 2.6%.

Oklahoma City median home prices saw no annual change on a nominal basis in July to $280,000. Meanwhile, the national median home price increased by $10,000 to $400,000.

Oklahoma City was the 38th highest-priced housing market among the top 40 largest markets last month. The Oklahoma City median home price of $280,000 was 30% below the national median home price. Oklahoma City's median home price in July is the highest observed price for any month in the market.

The median price of Oklahoma City single-family homes rose by $1,350 over the past year to $283,850, while the median townhome price grew by 37.1%, and the median condo price fell by 10.7%.

The number of homes for sale in Oklahoma City increased by 12.2% in July compared to the same time last year, while national homes for sale rose by 4.4%.

Oklahoma City homes for sale rose by 854 year over year in July to 7,882 homes for sale. Oklahoma City ranked 11th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in July.

Oklahoma City homes for sale were below their pre-pandemic levels in the month of July. Oklahoma City homes for sale were 1.9% below the July 2019 total of 8,038.

Oklahoma City single-family homes for sale grew by 11.4% to 7,555 in July. In comparison, townhomes for sale rose by 10.1% to 131, and condos for sale increased by 54.3% to 196.

Oklahoma City home sales increased by 42 year over year on a nominal basis in July to 1,988. For context, 1,946 sales closed in Oklahoma City in July 2025.

Oklahoma City ranked 18th for the annual change in home sales out of the top 40 U.S. markets in July on a percentage basis. This year's July increase of 2.2% compares to the 5.6% year over year increase in July 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 2.8% in July to 1,939. In comparison, townhome sales fell by 45.2% to 17, and condo sales rose by 14.3% to 32.

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 July 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.

Definition of Days on Market

The median number of days from initial listing to closing of properties whose closing occurred during the month. This data includes detached, attached, and condominium homes. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Months of Supply (MOS)

Months of Supply (MOS) is equal to active listings divided by homes sold in a given 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 Sale to List Price Ratio

The sale-to-list price ratio is the ratio of the sale (closing) price to the original list price, whose closing occurred 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.