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Featured local agent — Elk City, OK
Sarah Mitchell
Compass Real Estate · Elk City, OK
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elk City, OK Housing Market & Real Estate
Housing market overview · Updated monthly ·
$222,500median sale price
How is the Elk City, OK housing market right now?
The median home sale price in Elk City, OK is $222,500, down 6.9% year-over-year. Homes sell in an average of 121 days with 47 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elk City a buyer's or seller's market?
Elk City, OK is currently a leaning buyer's, based on 3.4 months of supply and homes selling in about 121 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
121
Average pace
Active listings
47
3.4 months supply
Sale-to-list
94.0%
Below asking
What does the Elk City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $222,500 |
| Median list price | $239,900 |
| Year-over-year price change | -6.9% |
| Average days on market | 121 days |
| Active inventory | 47 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 94.0% |
| Median price per sq ft | $119/sq ft |
| Homes sold (latest month) | 14 |
| New listings (latest month) | 14 |
| Listings with a price cut | 23.4% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Elk City by property type?
How the Elk City, OK market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $222,500 | $119/sq ft | 14 | 121 days |
| Townhouse | $220,000 | $102/sq ft | 1 | 280 days |
Source: Redfin · Updated monthly
The Elk City housing market is currently classified as a leaning buyer's with a median sale price of $222,500. Prices have fallen 6.9% compared to last year, with homes spending an average of 121 days on market, indicating 3.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.5x provides context for how home values compare to local earning capacity.
Homes for sale in Elk City
There are currently 47 homes listed for sale in Elk City, Oklahoma. The median listing price is $240K.
Active listings
47
Homes on market
Median list price
$240K
Avg. days on market
121
Days until sale
New this week
14
Newly listed
Who lives in Elk City?
Population
11,406
Median income
$49,500/yr
Median age
34.6 years
Owner-occupied
62.3%
College grads
15.5%
Avg commute
15.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Elk City?
Zillow home value
$173,055
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Elk City?
Elk City is a community of approximately 11K residents with a median age of 34.6 years.The median household income is $49,500, which represents a working-class community with solid middle-income opportunities. 15.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 62.3%, showing a blend of owner and renter-occupied properties. The average commute time is 15.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elk City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elk City?
6 schools tracked · 2,916 students
The largest public schools serving Elk City, OK by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
ELK CITY ES
Grades PK-3 · 738 students
MERRITT ES
Grades PK-8 · 634 students
ELK CITY HS
Grades 9-12 · 610 students
ELK CITY IES
Grades 4-6 · 443 students
ELK CITY MS
Grades 7-8 · 305 students
MERRITT HS
Grades 9-12 · 186 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elk City, OK?
Want a head-to-head view? Compare Elk City side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elk City?
The median home sale price in Elk City is $222,500, down 6.9% from last year.
How long do homes stay on market in Elk City?
Homes typically spend 121 days on market before going under contract.
What is the median income in Elk City?
The median household income is $49,500 per year.
Is Elk City a buyer's or seller's market?
With 3.4 months of supply, Elk City is currently a leaning buyer's.
What is the Zillow home value estimate for Elk City?
The Zillow Home Value Index (ZHVI) for Elk City is $173,055, representing the typical home value in the area.
How much does a single-family home cost in Elk City?
The median single-family home price in Elk City, OK is $222,500 (about $119 per square foot).
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