I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Oklahoma
💡 Key Oklahoma housing market facts
Data Point | Value | Rank | Compared to National Avg |
Typical Home Value | $206,699[1] | #47 of 50 states | 43.9% lower |
Median Listing Price | $299,000[2] | #44 of 50 states | 33.1% lower |
Median Sale Price | $252,900[3] | #48 of 50 states | 40.2% lower |
30 Year Mortgage Rate | 7.02%[4] | #29 of 50 states | 0.6% higher |
Median Days on Market | 53[5] | #28 of 50 states | 3.8% longer |
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🗺️ Buying a house in the Oklahoma real estate market
Oklahoma has an affordability score of 4.7, meaning it takes 4.7 years of the median household income ($53,840) to afford Oklahoma's median home sale price ($252,900). Because of this, we rank Oklahoma as the 8th most affordable state for buyers based strictly on prices compared to income.
Data Point | Value | Rank | Compared to National Avg |
Median Sale Price | $252,900[6] | #48 of 50 states | 40.2% lower |
30 Year Mortgage Rate | 7.02%[7] | #29 of 50 states | 0.6% higher |
Median Household Income | $53,840[8] | #43 of 50 states | 16.6% lower |
Affordability Ratio | 4.7 | #8 of 50 states | 27.1% lower |
Buyers Agent Commission | 2.83%[9] | #47 of 50 states | 11.5% higher |
Resources for Oklahoma home buyers
Preparing to buy in Oklahoma
Oklahoma home buying costs
🗺️ 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 2.85%, which is the 16th highest in the United States. Buyers' agents charge an average commission of 2.83%, which is the 4th highest in the United States.
Data Point | Value | Rank | Compared to National Avg |
Median Listing Price | $299,000[10] | #44 of 50 states | 33.1% lower |
Median Sale Price | $252,900[11] | #48 of 50 states | 40.2% lower |
Median Days on Market | 53[12] | #28 of 50 states | 3.8% longer |
Buyer's Agent Commission | 2.83%[13] | #47 of 50 states | 11.5% higher |
Listing Agent Commission | 2.85%[14] | #35 of 50 states | 4.6% higher |
Resources for Oklahoma home sellers
Preparing to sell in Oklahoma
- 8 Steps to Selling a House in Oklahoma
- Average Time to Sell a House in Oklahoma
- When Is the Best Time to Sell a House in Oklahoma?
- Top Real Estate Agents in Oklahoma
Oklahoma home selling costs and requirements
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.
Study | Best Oklahoma city | Rank |
Best Pizza Cities[16] | Oklahoma City | 48th best |
Best Coffee Cities[17] | Oklahoma City | 36th best |
Best LGBTQ Cities[18] | Oklahoma City | 44th best |
Best Bike Cities[19] | Oklahoma City | 47th best |
Best Commuter Cities[20] | Oklahoma City | 20th best |