Top Real Estate Agents in Oklahoma City, Oklahoma

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2023 Oklahoma City, Oklahoma Housing Market Summary

Oklahoma city, Oklahoma started 2023 with a total of 976 single-family homes on the market, with a median home price of $309,983 and an average price per square foot of $171. By the end of the year, inventory had increased to 1,150 homes on the market (+17%), with a median home price of $298,700 (-3%) and an average price per square foot of $176 (+2%).

At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had remained the same at 63 days.

Oklahoma city started the year with 39% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 45% of Oklahoma city homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Oklahoma city started 2023 as a seller’s market, with an MAI score of 38; by the end of the year, the MAI had rose to 39 – a slight seller’s advantage.

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