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The average home value in Oklahoma is $205,646, up 3.2% over the past year. Learn more about the Oklahoma housing market and real estate trends.
Nov 8, 2020 · Wondering how competitive the Oklahoma housing market is? Find Oklahoma's median house price, demand, supply and more with Redfin. Learn more!
Buying a house in . Oklahoma Homes in Oklahoma have a median price of $246,000, which means you’ll need $24,600 for a 10% down payment. Housing costs have increased 6.2% in the past year.
- What’s The Oklahoma Housing Market like?
- How Does The Oklahoma Housing Market Compare to The National Housing Market?
- Oklahoma Metro Areas with The Hottest Housing Markets
- Higher Mortgage Rates Could Slow Price Growth in Oklahoma
- Oklahoma Historic Price Changes & Affordability
Home prices in Oklahoma have appreciated 32.0% higher than the national level from last year. Looking back three years at the median price in October 2019 compared to October 2022, prices have increased 35.6% in Oklahoma VS 35.8% nationwide. As of October 2022, the median price for a home in the state was $234,500, which is up 6.6% above last year’...
The Oklahoma housing market is similar to other markets because supply and demand drive housing prices. Mortgage rates also impact Oklahoma in a similar way as the rest of the nation. Oklahoma’s home prices and sales numbers have begun to slow down along with the rest of the country. Differences in the regional economy of some of Oklahoma’s metro a...
The state of Oklahoma has seen typical and average growth in housing demand in recent years. Consequently, prices had also gone up at an average pace as well. There are some areas within the state that have outperformed others though. We will look at the cities with the highest increase in the median price year over year. The top markets with the h...
How will interest rates affect the Oklahoma housing market? We are already experiencing the impact of rising interest rates across the nation. Price growth in Oklahoma has been flattening or on a slight decline for several months in 2022. However, Oklahoma is such a high-demand destination that it may very well fare better than many other areas of ...
The Oklahoma housing market has seen explosive appreciation for years. The last 3 years have been particularly favorable to homeowners as they saw their homes appreciate by 35.6% in 36 months. The steep rise in home prices and mortgage rates has shrunk affordability to record lows in the state. A 35.6% spike in home prices and a sharp increase in m...
May 17, 2024 · The average home buyer in Oklahoma spends between $17,094 and $59,875 when purchasing a $205,646 home — the state median value. Keep in mind, this is just the cost of buying a home. After you close, you'll still need to budget for all the ongoing costs of homeownership.
Oklahoma has an affordability score of 4.6, meaning it takes 4.6 years of the median household income ($53,840) to afford Oklahoma's median home sale price ($247,900). Because of this, we rank Oklahoma as the 7th most affordable state for buyers based strictly on prices compared to income. Resources for Oklahoma home buyers.
Oct 23, 2024 · As of September 30th, 2024, the Oklahoma housing market shows some interesting trends. The average home value sits at $205,646, a 3.2% increase from last year. Homes are going pending (meaning they're under contract) surprisingly fast—around 24 days.
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