Market Intelligence Report — OK-120

Elk City, OK

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-OK-08
As of the latest 2026 data
Cooling

Median Listing

$169K
-15.1% YoY

Pending Ratio

0.36
+21.5% YoY

Active Inventory

103
-25.9% YoY

Median DOM

90 Days
-3.8% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling Elk City market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Elk City, OK.

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The Elk City, OK market is currently in a Cooling phase, indicated by a pending ratio of 0.36. Despite a notable year-over-year increase in the pending ratio, the overall absorption rate remains low relative to active inventory.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Elk City market right now.

Active listings have contracted significantly, down 25.9% year-over-year, while new listings experienced an even sharper decline of 37.5% over the same period. Median listing prices have fallen by 15.1% year-over-year, alongside a 3.4% year-over-year decrease in median price per square foot. The pending ratio has increased by 21.5% year-over-year, yet remains below levels indicating strong demand absorption.

Historical Analysis

Market Trends

Median Price

$169K-0.1% MoM

Active Inventory

103-25.9% YoY

Days on Market

90-3.8% YoY

Sold Score™

57+21.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

57
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market conditions suggest that properties are moving at a slower pace, with a median of 90 days on market. The inventory pressure is reduced due to contracting active listings, but the low pending ratio indicates that demand is not robust enough to absorb available supply quickly. This environment may necessitate greater price discipline from sellers to facilitate transactions.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

103 active listings represent the current floor, with new supply arriving at roughly 20 per month.

Pricing Pressure
15.9%

of active listings carry a price reduction, -1.9% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -3.4% year-over-year.

Absorption
0.36

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Elk City, OK? Homes here are taking 4 days less to sell than last year.

Buyers have leverage in Elk City, OK. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
36%
Median Days on Market
90 days
Inventory YoY
−26%

In a buyer's market, strategy beats timing. See how your home scores in Elk City, OK and what moves the number.

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Metro Demographics

Metro Area
Elk City, OK
CBSA Code
21120
State
OK

ZIPs in Elk City, OK

Sorted by active inventory · click a ZIP for its full report