Oklahoma City, OK Housing Market Report

The Oklahoma City housing market is currently transitioning into a more balanced environment that increasingly favors buyers. As of December 2025, the median home value stands at $201,941, reflecting a slight year-over-year decrease of 0.64%. This cooling is further evidenced by a significant 9.35% increase in active inventory, which now sits at 6,961 units. With more options available and properties spending an average of 80 days on the market—ten days longer than the previous year—buyers have gained considerable leverage in negotiations and more time to make informed decisions.

Price trends over the last six months indicate a period of stabilization following a minor mid-year dip. After hitting a low of $201,394 in September, values have seen a modest but consistent month-over-month recovery through the fourth quarter. This suggests that while the rapid appreciation of previous years has stalled, the market is finding a firm floor. The sale-to-list ratio remains strong at 0.99, indicating that while buyers have more choices, homes are still selling very close to their asking prices, provided they are priced accurately for the current climate.

Looking ahead, the rental market continues to show resilience with a 2.58% annual increase, bringing median rents to $1,230. This divergence between softening purchase prices and rising rents may encourage more residents to consider homeownership as a long-term hedge against inflation. For sellers, the increased days on market mean that patience and strategic pricing are essential. For buyers, the combination of stagnant home prices and increased inventory presents a window of opportunity to enter one of the most affordable metropolitan markets in the country before any potential interest rate shifts or seasonal demand spikes in early 2026.