The Oklahoma Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Oklahoma

💡 Key Oklahoma housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $206,689[1]#46 of 50 states43.6% lower
Median Listing Price $297,895[2]#43 of 50 states31.9% lower
Median Sale Price $242,200[3]#49 of 50 states40.6% lower
30 Year Mortgage Rate 7.02%[4]#29 of 50 states0.6% higher
Median Days on Market 54[5]#34 of 50 states8.2% longer
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🗺️ Buying a house in the Oklahoma real estate market

Oklahoma has an affordability score of 4.5, meaning it takes 4.5 years of the median household income ($53,840) to afford Oklahoma's median home sale price ($242,200). Because of this, we rank Oklahoma as the 8th most affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $242,200[6]#49 of 50 states40.6% lower
30 Year Mortgage Rate 7.02%[7]#29 of 50 states0.6% higher
Median Household Income $53,840[8]#43 of 50 states16.6% lower
Affordability Ratio 4.5#8 of 50 states28% lower
Buyers Agent Commission 2.90%[9]#41 of 50 states8.4% higher
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Resources for Oklahoma home buyers

🗺️ Selling a house in the Oklahoma real estate market

According to our detailed survey of Oklahoma real estate agents, listing agents (those representing the seller) charge an average commission in Oklahoma of 3.05%, which is the 8th highest in the United States. Buyers' agents charge an average commission of 2.9%, which is the 10th highest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $297,895[10]#43 of 50 states31.9% lower
Median Sale Price $242,200[11]#49 of 50 states40.6% lower
Median Days on Market 54[12]#34 of 50 states8.2% longer
Buyer's Agent Commission 2.90%[13]#41 of 50 states8.4% higher
Listing Agent Commission 3.05%[14]#43 of 50 states6.7% higher
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Resources for Oklahoma home sellers

Moving to Oklahoma

According to our recent moving trends survey[15], 7% of Americans indicated that they would choose to move to Oklahoma if money were no object. Likewise, 6% of survey respondents indicated that they would move to Oklahoma City among a choice of America's largest cities. Among medium-sized cities, 12% indicated that they would move to Tulsa.

Here's how Oklahoma cities rank in a number of our research studies.

StudyBest Oklahoma cityRank
Best Pizza Cities[16]Oklahoma City48th best
Best Coffee Cities[17]Oklahoma City36th best
Best LGBTQ Cities[18]Oklahoma City44th best
Best Bike Cities[19]Oklahoma City47th best
Best Commuter Cities[20]Oklahoma City20th best
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    Article Sources

    [1] Zillow – "Zillow Home Value Index". Updated April 30, 2024.
    [2] Realtor.com – "Realtor.com Data Library". Updated March 2024.
    [3] Redfin – "Redfin Data Center". Updated March 2024.
    [4] Bankrate – "Bankrate". Updated May 2024.
    [5] Realtor.com – "Realtor.com Data Library". Updated March 2024.
    [6] Redfin – "Redfin Data Center". Updated March 2024.
    [7] Bankrate – "Bankrate". Updated May 2024.
    [8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
    [9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
    [10] Realtor.com – "Realtor.com Data Library". Updated March 2024.
    [11] Redfin – "Redfin Data Center". Updated March 2024.
    [12] Realtor.com – "Realtor.com Data Library". Updated March 2024.
    [13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
    [14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
    [15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
    [16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
    [17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
    [19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
    [20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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