McAlester, OK Housing Market
AI-powered market intelligence for the McAlester, OK metro area.
PropertyIQ Scores
McAlester, OK Market Analysis
Market Overview
McAlester, OK presents a moderate housing market, with a PropertyIQ Score of 49/100 placing it just below the scoring midpoint. The median home value of $149,811 is substantially below the Oklahoma state average of $223,261, giving McAlester a purchase-price affordability advantage. The rent index of $1,045 is above the state average of $980, meaning rental pricing is somewhat stronger than the statewide norm despite lower home values. The unemployment rate is 4.3%, exactly matching the state average.
The PropertyIQ Score’s top drivers help explain the result. The 12-month home value momentum of 7.25% shows prices have risen over the past year, but the 3-month home value momentum of 0.19% indicates a sharp slowdown in recent months. Median days on market of 87 days and a 15.7% share of listings with a price cut point to a market that is not overheated. With 293 homes for sale, there is visible inventory available to buyers.
Overall, McAlester’s market is moderate rather than clearly strong or weak. Home values are below the state average, but median household income of $54,787 is also below the state average of $63,603, so local buyers may not feel the full affordability benefit. The data points to lower price points, stable employment, and balanced-to-cool conditions.
Key Trends
The first trend is a sharp deceleration in home value momentum. The 12-month home value momentum of 7.25% is one of the top score drivers and shows meaningful annual appreciation, but the 3-month momentum of only 0.19% and the year-over-year home value change of $9 suggest that price growth has flattened recently. The annual gain was largely built earlier in the year, and current price movement is minimal.
A second trend is a buyer-friendly transaction pace. Median days on market is 87 days, meaning homes are taking nearly three months to sell on average. The share of listings with a price cut is 15.7%, so more than one in seven listings has reduced its asking price. Combined with 293 homes for sale, these metrics indicate buyers have options and some negotiating power, while sellers need to be realistic about pricing.
A third trend is mixed affordability. The median home value of $149,811 is $73,450 below the state average of $223,261, making McAlester relatively inexpensive at the purchase level. However, the median household income of $54,787 is $8,816 below the state average of $63,603, which offsets part of the price advantage. Meanwhile, the rent index of $1,045 is $65 above the state average of $980, a rental-market strength even as home prices remain low.
A fourth trend is
AI-generated analysis based on current market data. Last updated September 24, 2026.
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McAlester, OK market data
McAlester, OK Housing Market Overview
McAlester, OK's median home value is $150K, up 7.2% over the past year. Homes here sell in a median 87 days. Its PropertyIQ Score of 49 sits modestly below the state average of 50.
PropertyIQ tracks the McAlester, OK housing market through two complementary lenses: price momentum from Zillow home-value trends over 3 and 12 months, and demand pressure from how quickly homes sell and how often sellers cut prices, drawn from Realtor.com. The PropertyIQ Score distills these into one number that predicts how this OK market is set to perform against its state benchmark.
South Central housing markets are propelled by energy sector economics, corporate relocations, and rapid population growth. Texas metros in particular have seen explosive expansion, though affordability pressures are emerging in the fastest-growing areas. Within the South Central, McAlester, OK's PropertyIQ Score of 49 runs below the South Central norm.
For the McAlester, OK market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 7.2% over the past year.
Use PropertyIQ's interactive analytics to compare McAlester, OK against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the McAlester, OK metro area
ZIP codes in the McAlester, OK metro area
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Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is McAlester, OK a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. McAlester, OK currently scores 49, a easing-momentum reading that leaves it positioned to lag its state modestly over the next three years. For buyers, softening demand tends to open up negotiating room as listings sit longer and price cuts become more common. Backing that up, the median home value here is $150K, up 7.2% over the past year. So whether McAlester, OK is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for McAlester, OK?
McAlester, OK's PropertyIQ Score is 49, indicating easing momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 49 places McAlester, OK below its state benchmark.
Are home prices in McAlester, OK rising or falling?
Home prices in McAlester, OK are rising. Over the past year, the median home value increased 7.2%, reaching $150K. Over the latest three months, values moved up 0.2%, a sign near-term demand remains firm. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind McAlester, OK's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in McAlester, OK?
In McAlester, OK, homes sell in a median of 87 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 16% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This McAlester, OK market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.