Oklahoma Real Estate Market in 2022: Forecasts + Trends

Clever Real Estate


Clever Real Estate

May 1st, 2023
Updated May 1st, 2023


Oklahoma real estate trends

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

Oklahoma real estate trends (May 2022)

How is the real estate market in Oklahoma?
🏠 Average home value: $188,453
📈 0.76% home value increase month over month
💰 Median sale price: $235,000
⏳ 48 days on the market
🔑 Homes on the market: 8,427
📆 1.6 months of housing inventory
🏦 30-year mortgage rate: 5.57000%
💵 Average income: 53840
State of the market: B-
Oklahoma’s market maintains healthy activity but is starting to cool, as home values continue to inch downward and inventory bumps up. However, things may reverse soon if homes continue to come off the market more quickly than in recent months.
*Data last updated May 2022

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.

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Selling a home in Oklahoma

Oklahoma real estate market forecast for sellers
⏰ Homes are selling 17 days slower than the annual average
💰 Homes are selling for $41,557 more than the annual average
💸 Average listing commission: 2.76%
💸 Average buyer's commission: 2.83%

How to sell a home in Oklahoma

Cost to sell a home in Oklahoma

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Buying a home in Oklahoma

How much home you can buy with $300,000 in...
🏠 Oklahoma City: 1,734 sq ft
🏡 Lawton: 2,830 sq ft
🏡 Tulsa: 1,818 sq ft
🏠 Stillwater: 2,000 sq ft

Investing in Oklahoma real estate

Best of Oklahoma

Each month, we compare locations in Oklahoma based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Oklahoma
1. Beaver County
2. Canadian County
3. Texas County
4. Cleveland County
5. Tulsa County

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Worst of Oklahoma

Each month, we compare locations in Oklahoma based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Oklahoma
1. Adair County
2. Okfuskee County
3. Coal County
4. Latimer County
5. Seminole County

Oklahoma resources

👋 Next Steps: Talk to an expert!

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Frequently asked questions about Oklahoma real estate

Oklahoma is a good state to invest in real estate, especially in more populous cities like Oklahoma City and Tulsa. But know that investing requires lots of preparation for it to pay off, like finding which neighborhoods to buy in and creating a solid property management plan. Read through our guide to real estate investing to find out more.

It might not be the best time to buy a house in Oklahoma at the moment. Homes in the state are much more expensive than normal, and mortgage rates are also rising. If you really need to buy a home, then you will need to work with one of the best real estate agents in the state to help you land a good deal.


Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, 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.

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