In November, home prices fell moderately from the month before, with a median listing price of $275,000.
The number of listings on the market grew 3.4% from last month, which is a bigger increase than normal for this time of the year in Oklahoma City, and homes are also selling at the same pace as the same time last year.
Home prices in Oklahoma City
Typically, home price per square foot in Oklahoma City tend to rise in November. But the most recent data shows that the price per square foot remained practically unchanged compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in OKC are smaller the national market.
Oklahoma City inventory
In November, there were 1,936 homes for sale in Oklahoma City, which was 3.4% more than the month before and 12.0% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
Time on market
Homes in Oklahoma City take an average of 53 days to sell, according to November figures.
This is one day less than the previous month and the same as the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Oklahoma City, OK.