Oklahoma Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

By 

Clever Real Estate

September 13th, 2021
Updated September 13th, 2021

SHARE

Oklahoma real estate trends

Real estate trends in Oklahoma | Sellers | Buyers | Investors | The best and worst of Oklahoma | Oklahoma resources

Oklahoma real estate trends (July 2021)

How is the real estate market in Oklahoma?
🏠 Average home value: $152,819
📈 1.32% home value increase month over month
💰 Median sale price: $211,000
⏳ 53 days on the market
🔑 Homes on the market: 7,095
📆 0.8 months of housing inventory
🏦 30-year mortgage rate: 3.07%
💵 Average income: $52,919
State of the market: B-
Home values in Oklahoma are inching upwards and the state’s low inventory should keep demand high for now. But if interest rates continue to rise, sellers may start having trouble finding buyers.
*Data last updated July 2021

The Midwest has a reputation for flatlands and fields — but Oklahoma's geography contains 10 distinct geographic regions that range from the Ozark Mountains to deep valleys, and from high plateaus to underground caverns.

The state's biggest cities include Oklahoma City, Tulsa, and Norman — but there are plenty of smaller towns and suburbs to choose from, too. Edmond, Jenks, and Bixby have earned recognition for being especially family-friendly.

Located north of Texas, Oklahoma has hot summers and relatively mild winters that are influenced by the nearby Gulf of Mexico. Though the state is landlocked, Oklahoma holds a nationwide record with approximately 200 man-made lakes.

If you're thinking of buying or selling in Oklahoma, these Oklahoma housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Oklahoma

Oklahoma real estate market forecast for sellers
⏰ Homes are selling 11.5 days faster than the annual average
💰 Homes are selling for $7,650 more than the annual average
💸 Average listing commission: 2.93%
💸 Average buyer's commission: 2.95%

How to sell a home in Oklahoma

Cost to sell a home in Oklahoma

💰 Save thousands on realtor fees with Clever

List with the best agents in your area for just $3,000 or 1%. On average, Clever sellers save $9,000 on commission!

Our agent matching service is 100% free with zero obligation.

Buying a home in Oklahoma

How much home you can buy with $300,000 in...
🏠 Oklahoma City: 2,072 sq ft
🏡 Lawton: 3,605 sq ft
🏡 Tulsa: 2,346 sq ft
🏠 Stillwater: 2,220 sq ft

Investing in Oklahoma real estate

Best of Oklahoma

Each month, we compare cities in Oklahoma based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Oklahoma
1. Lawton
2. Enid
3. Shawnee
4. Tulsa

Ready to buy a home in Oklahoma? Eligible buyers get cash back with Clever!

Worst of Oklahoma

Each month, we compare cities in Oklahoma based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Oklahoma
1. Stillwater
2. Muskogee
3. Oklahoma City

Oklahoma resources

👋 Next Steps: Talk to an expert!

If you're weighing your options for buying or selling a house, Clever can help!

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

Ready to get started?

Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

Remember, this service is 100% free and there’s never any obligation.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

Better real estate agents at a better rate

Enter your zip code to see if Clever has a partner agent in your area.

If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.