Oklahoma housing market statistics at a glance
Oklahoma’s housing market in 2024 showed a mix of price growth, slower turnover, and a larger supply of listings than the year before. The numbers point to a market that was still active, but less frantic than the earlier pandemic-era spike (MLSOK 2024 Annual Report).
Fast facts
- 23,538 closed sales in 2024, up 2.5% from 2023 (MLSOK 2024 Annual Report).
- 23,944 pending sales in 2024, up 3.6% from 2023 (MLSOK 2024 Annual Report).
- 7,164 active listings ended 2024 on market, up 45.7% year over year (MLSOK 2024 Annual Report).
- $255,000 median sales price in 2024, up 2.0% (MLSOK 2024 Annual Report).
- 44 days on market until sale in 2024, up from 38 in 2023 (MLSOK 2024 Annual Report).
- Sellers received 98.0% of list price at sale in 2024 (MLSOK 2024 Annual Report).
Table of contents
- What changed in 2024
- Price trends and affordability
- Inventory, listings, and sales activity
- Days on market and negotiation
- Price bands and home sizes
- Metro and local showing activity
- Statewide housing indicators
- What the Oklahoma housing numbers suggest
What changed in 2024
The clearest story in the Oklahoma housing market statistics is not a crash or a boom. It is a market that stayed busy while cooling from its most intense phase.
Pending sales rose to 23,944 and closed sales reached 23,538 in 2024, which tells you buyers were still moving through the pipeline even as conditions became more balanced (MLSOK 2024 Annual Report). At the same time, new listings fell to 32,336, down 13.2% from 2023, while active listings climbed to 7,164, up 45.7% year over year (MLSOK 2024 Annual Report).
That combination matters because it suggests more visible supply sitting on the market, even though fewer new homes were coming to market than the year before. In plain terms, buyers had more to choose from at year-end, but the flow of fresh inventory was not expanding in lockstep.
Key signal: the market did not run out of demand, but it no longer rewarded a quick decision the way it did when days on market were compressed.
Price trends and affordability
Price growth continued, but at a more moderate pace than the rapid jumps seen earlier in the decade. The median sales price reached $255,000 in 2024, up 2.0% from 2023 (MLSOK 2024 Annual Report). The average sales price reached $302,671, up from $293,175 in 2023 (MLSOK 2024 Annual Report).
That spread between median and average prices is useful because it hints at the shape of the market. Averages can be pulled upward by higher-end sales, while the median reflects the middle of the market more closely. Here, both measures rose, but neither suggests runaway price acceleration.
Year-by-year price trend
| Year | Median sales price | Average sales price |
|---|---|---|
| 2020 | $197,000 (MLSOK 2024 Annual Report) | $229,454 (MLSOK 2024 Annual Report) |
| 2021 | $217,000 (MLSOK 2024 Annual Report) | $256,471 (MLSOK 2024 Annual Report) |
| 2022 | $242,000 (MLSOK 2024 Annual Report) | $287,744 (MLSOK 2024 Annual Report) |
| 2023 | $249,892 (MLSOK 2024 Annual Report) | $293,175 (MLSOK 2024 Annual Report) |
| 2024 | $255,000 (MLSOK 2024 Annual Report) | $302,671 (MLSOK 2024 Annual Report) |
The table shows a clear multi-year upward path. From 2020 to 2024, the median sales price increased from $197,000 to $255,000, while the average sales price increased from $229,454 to $302,671 (MLSOK 2024 Annual Report). That is a large nominal gain across just four years, even though 2024 itself was a smaller step than the previous years.
Why it matters
For buyers, the 2024 data implies that affordability pressure remained real, but pricing was not accelerating at the same pace as before. For sellers, it suggests the market still supported solid valuations, but successful pricing increasingly depended on accuracy rather than optimism.
The statewide context points in the same direction. The U.S. Census Bureau QuickFacts entry lists Oklahoma’s median value of owner-occupied housing units at $199,800 and median gross rent at $1,014 in 2020-2024. Those figures frame the broader housing environment, even though they are not identical to MLS sale prices.
Inventory, listings, and sales activity
Inventory is one of the most important clues in any housing market statistic set, and Oklahoma’s 2024 numbers show a market with more visible supply.
The 2024 annual report says active listings ended at 7,164, while new listings totaled 32,336 and pending sales totaled 23,944 (MLSOK 2024 Annual Report). That means the market continued to absorb homes, but not fast enough to prevent active supply from building relative to the year before.
Quick read on supply and demand
- Active listings up 45.7% year over year (MLSOK 2024 Annual Report).
- New listings down 13.2% year over year (MLSOK 2024 Annual Report).
- Pending sales up 3.6% year over year (MLSOK 2024 Annual Report).
- Closed sales up 2.5% year over year (MLSOK 2024 Annual Report).
- 258,326 total showings were recorded in 2024 (MLSOK 2024 Annual Report).
That last figure matters because showings are a real-world sign of buyer engagement. The market saw a lot of eyes on listings even as timelines lengthened. The annual report also says Oklahoma averaged 10.5 showings before a listing went pending in 2024, and the market reached 4.9 showings per listing in March 2024, the yearly high (MLSOK 2024 Annual Report).
Those numbers imply that interest was still there, but buyers were more selective. Homes had to work harder to get from listed to pending than they might have in a hotter cycle.
At-a-glance interpretation
Big number: 7,164 active listings (MLSOK 2024 Annual Report)
What it suggests: more options for buyers, less urgency for immediate offers.
Big number: 23,538 closed sales (MLSOK 2024 Annual Report)
What it suggests: the market remained liquid, even with longer marketing times.
Days on market and negotiation
The timing data is one of the strongest indicators that the Oklahoma housing market in 2024 was more measured than rushed.
The annual report states that days on market until sale rose to 44 in 2024, up from 38 in 2023, 23 in 2022, and 22 in 2021 (MLSOK 2024 Annual Report). The same report says sellers received 98.0% of list price at sale in 2024, down from 98.3% in 2023, 99.6% in both 2021 and 2022, and 98.5% in 2020 (MLSOK 2024 Annual Report).
That is a clear shift in negotiating power. Sellers were still close to asking price, but they were no longer consistently getting near-full list price the way they did in the tighter years.
Market timing comparison
| Measure | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Days on market until sale | 22 (MLSOK 2024 Annual Report) | 23 (MLSOK 2024 Annual Report) | 38 (MLSOK 2024 Annual Report) | 44 (MLSOK 2024 Annual Report) |
| Percent of list price received | 99.6% (MLSOK 2024 Annual Report) | 99.6% (MLSOK 2024 Annual Report) | 98.3% (MLSOK 2024 Annual Report) | 98.0% (MLSOK 2024 Annual Report) |
This comparison shows a market that gave buyers a little more leverage. The change is not dramatic in one year, but it becomes more obvious when you stack 2024 against 2021 and 2022. The average home took about twice as long to sell in 2024 as it did in 2021, and sale-to-list performance softened at the same time (MLSOK 2024 Annual Report).
Price-tier timing differences
The market also behaved differently by price band. Homes priced at $102,999 or less averaged 47 days on market in 2024, while homes at $103,000 to $179,999 averaged 30 days. Homes at $180,000 to $278,999 averaged 35 days, and homes priced at $279,000 or more averaged 56 days (MLSOK 2024 Annual Report).
That is a useful reminder that the top end of the market was slower to convert. Higher prices usually require a more limited buyer pool, and that pattern is visible here.
Price bands and home sizes
One reason the Oklahoma housing market statistics are useful is that they break down activity by both price and size. That gives a more detailed picture of what was moving and where demand was strongest.
Lower-price inventory and sales
Homes priced at $102,999 or less increased 7.0% in 2024 and declined 17.4% on a one-year basis in the same annual report context (MLSOK 2024 Annual Report). Closed sales in that band fell from 2,327 in 2022 to 1,824 in 2023 and 1,507 in 2024 (MLSOK 2024 Annual Report).
That is a meaningful drop in closed volume across two years. It suggests this segment was shrinking in transactional weight, even if it still mattered for affordability and entry-level demand.
Mid-price bands carried more of the action
Closed sales for homes priced at $103,000 to $179,999 totaled 3,914 in 2024, down slightly from 4,033 in 2023 (MLSOK 2024 Annual Report). The $180,000 to $278,999 band was stronger, with closed sales rising to 10,023 in 2024 from 9,368 in 2023 (MLSOK 2024 Annual Report).
That middle band appears to have been the workhorse of the market. It handled the most volume and also posted a gain when some other bands softened.
Home-size trends
- 999 square feet or less: 1,640 sales in 2024, up from 1,628 in 2023 (MLSOK 2024 Annual Report).
- 1,000 to 1,999 square feet: 14,011 sales in 2024, up from 13,573 in 2023 (MLSOK 2024 Annual Report).
- 2,000 to 2,999 square feet: 5,970 sales in 2024, up from 5,929 in 2023 (MLSOK 2024 Annual Report).
- 3,000 square feet or more: 1,915 sales in 2024 (MLSOK 2024 Annual Report).
The 1,000-to-1,999-square-foot category clearly carried the most volume. That is a useful sign for readers comparing typical family-sized homes with smaller starter homes and larger properties.
Compact comparison table
| Segment | 2023 sales | 2024 sales | Direction |
|---|---|---|---|
| 999 sq ft or less | 1,628 (MLSOK 2024 Annual Report) | 1,640 (MLSOK 2024 Annual Report) | Slightly up |
| 1,000 to 1,999 sq ft | 13,573 (MLSOK 2024 Annual Report) | 14,011 (MLSOK 2024 Annual Report) | Up |
| 2,000 to 2,999 sq ft | 5,929 (MLSOK 2024 Annual Report) | 5,970 (MLSOK 2024 Annual Report) | Slightly up |
| 3,000 sq ft or more | not stated for 2023 | 1,915 (MLSOK 2024 Annual Report) | 2024 value only |
The size breakdown supports a simple reading of the market: moderate-size homes remained the core of demand, while very large homes were slower and more specialized.
Metro and local showing activity
Showing volume gives a more local view of where demand was concentrated. The annual report says Oklahoma City metro showings totaled 209,874 in 2024 (MLSOK 2024 Annual Report). Within that broader number, Oklahoma City recorded 81,242 showings, Edmond recorded 44,531, Mid Del Moore recorded 36,903, and Norman recorded 22,360 (MLSOK 2024 Annual Report).
This distribution points to a handful of core submarkets driving a large share of activity. It also shows how a metro can be active overall while still concentrating demand in a few high-interest areas.
Local showing snapshot
- Oklahoma City metro: 209,874 showings (MLSOK 2024 Annual Report)
- Oklahoma City: 81,242 showings (MLSOK 2024 Annual Report)
- Edmond: 44,531 showings (MLSOK 2024 Annual Report)
- Mid Del Moore: 36,903 showings (MLSOK 2024 Annual Report)
- Norman: 22,360 showings (MLSOK 2024 Annual Report)
If you are evaluating the market by neighborhood or commute corridor, those are the numbers that indicate where buyers were spending time. The sheer volume suggests serious search activity, not casual browsing.
Statewide housing indicators
The state-level context from other datasets fills in the background behind the MLS numbers. The U.S. Census Bureau QuickFacts page says Oklahoma had 1,816,244 housing units on July 1, 2025, an owner-occupied housing unit rate of 65.8%, and a median gross rent of $1,014 in the 2020-2024 period (U.S. Census Bureau QuickFacts). It also lists median selected monthly owner costs with a mortgage at $1,539 and without a mortgage at $519 (U.S. Census Bureau QuickFacts).
The same source says Oklahoma building permits were 15,513 in 2025 (U.S. Census Bureau QuickFacts). That is helpful context for longer-run supply formation, even though permit activity is not the same thing as sales activity.
The Oklahoma Economic Indicators July 2025 dataset adds more recent permitting detail. It says total residential permitting in 2024 was 13,242 permits, up 285 or 2.2% from 2023 (Oklahoma Economic Indicators July 2025). It also says single-family permits increased by 805 or 7.4%, while apartment permits declined by 520 or 22.5% in 2024 (Oklahoma Economic Indicators July 2025).
Permitting breakdown
- 2024 total residential permitting: 13,242 (Oklahoma Economic Indicators July 2025)
- Single-family permits: up 805, or 7.4%, from 2023 (Oklahoma Economic Indicators July 2025)
- Apartment permits: down 520, or 22.5%, from 2023 (Oklahoma Economic Indicators July 2025)
- June total residential permitting: 1,251, up 26.7% from May and up 23.7% from June 2024 (Oklahoma Economic Indicators July 2025)
- June single-family permits: 879, or 70.2% of residential permitting activity (Oklahoma Economic Indicators July 2025)
- June multi-family permits: 373, or 29.8% of residential permitting activity (Oklahoma Economic Indicators July 2025)
Those figures suggest a market still leaning toward single-family construction, with multi-family activity moving more unevenly.
What the Oklahoma housing numbers suggest
The Oklahoma housing market statistics point to a market that remained fundamentally active in 2024, but with more breathing room than in the hottest part of the cycle.
A few patterns stand out from the supplied data:
- Sales stayed healthy, with 23,538 closed sales and 23,944 pending sales (MLSOK 2024 Annual Report).
- Supply loosened, with active listings up 45.7% and days on market rising to 44 (MLSOK 2024 Annual Report).
- Prices kept climbing, but only modestly in 2024 relative to the much larger gains earlier in the decade (MLSOK 2024 Annual Report).
- The mid-market remained the engine of activity, especially the $180,000 to $278,999 range and the 1,000 to 1,999 square foot home-size band (MLSOK 2024 Annual Report).
- Local showing activity in the Oklahoma City metro stayed heavy, which signals that buyers were still actively searching even as timelines lengthened (MLSOK 2024 Annual Report).
For readers comparing Oklahoma to broader U.S. housing trends, the data here fits a recognizable pattern. The market was not frozen, but it was no longer extremely tight. It still moved, still priced upward, and still supported solid sales volume, yet buyers had more time and more inventory to work with than they did in the tightest years.