Is Oklahoma City, OK 73131 a buyer’s or seller’s market?
Oklahoma City is a seller’s market. With about 3.6 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 30% of U.S. ZIP codes, and #119 of 172 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Oklahoma City housing market right now
In the three months ending August 31, 2026, 0% of homes in Oklahoma City, OK 73131 sold above their list price, the typical home went under contract in 15 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold faster (27 days then) and the median sale price rose 11% to $454,803. Overall, Oklahoma City is less competitive than a year ago, which gives buyers more room.
Within Oklahoma County, homes here sell faster than in 92% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Oklahoma City ranks #119 of 172 OK ZIP codes with enough sales (score 33 out of 100).
Nearby, Oklahoma City 73115 (40% sold over asking) and Oklahoma City 73128 (37% sold over asking) are even more competitive.
Run the numbers for 73131
Nearby markets
Arcadia 73007Buyer’s market $230 /sq ftBethany 73008Seller’s market $139 /sq ftChoctaw 73020Seller’s market $176 /sq ftEdmond 73003Seller’s market $161 /sq ft Browse all markets →Towns like Oklahoma City nearby
Find towns like Oklahoma City in other states →Where Oklahoma City is
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Questions about Oklahoma City real estate
Is Oklahoma City a buyer’s or seller’s market?
A seller’s market: there were 3.6 months of supply in Oklahoma City, OK 73131 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Oklahoma City?
The typical home went under contract in 15 days in the latest three months.
Do homes in Oklahoma City sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.
What are property taxes in Oklahoma City?
About 0.97% of a home’s value a year in Oklahoma County, or roughly $3,880 on a $400,000 home.
What is the median home price in Oklahoma City?
The median sale price was $454,803 in the three months ending August 31, 2026, about $157 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology