Top Real Estate Agents in Oklahoma

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2023 Oklahoma Housing Market Summary

Oklahoma started 2023 with a total of 8,574 single-family homes on the market, with a median home price of $315,000 and an average price per square foot of $178. By the end of the year, inventory had increased to 10,154 homes on the market (+18%), with a median home price of $319,900 (+1%) and an average price per square foot of $190 (+6%).

At the start of 2023, the median days on market (DOM) was 84 days – by the end of the year, median DOM had remained the same at 84 days.

Oklahoma started the year with 33% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 33% of Oklahoma homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Oklahoma started 2023 as a seller’s market, with an MAI score of 37; by the end of the year, the MAI had dropped to 31 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

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