Is Tulsa County, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Tulsa County has remained a Seller's Market.
Key Takeaway
Tulsa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tulsa County, OK
How much do homes in Tulsa County, OK cost?
Median Sold Price
$266,230
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tulsa County have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Tulsa County was $266,230 in May 2024, up 4.2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80.7K | $92.5K | +14.6% |
| 2 Bedrooms | $142K | $145K | +2.1% |
| 3 Bedrooms | $225.2K | $235K | +4.3% |
| 4 Bedrooms | $360K | $365.7K | +1.6% |
| 5+ Bedrooms | $490.3K | $514.2K | +4.9% |
Summary: Tulsa County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Counties
| Okmulgee County | $127K | $145K | +14.2% |
| Wagoner County | $268.5K | $286.8K | +6.8% |
| Creek County | $199.8K | $209.9K | +5.1% |
| Rogers County | $247.7K | $259.9K | +4.9% |
| Tulsa County | $255.3K | $266.2K | +4.2% |
Housing Supply in Tulsa County, OK
How many homes are available in Tulsa County, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3,257 | 3,412 | +4.8% |
Summary: The Tulsa County real estate market had 3,412 homes for sale in May 2024, a 4.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 50 | 57 | +14.0% |
| 2 Bedrooms | 308 | 337 | +9.4% |
| 3 Bedrooms | 1,527 | 1,574 | +3.1% |
| 4 Bedrooms | 1,121 | 1,176 | +4.9% |
| 5+ Bedrooms | 251 | 268 | +6.8% |
Summary: The Tulsa County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 813 | 790 | -2.8% |
Asking Price vs. Sold Price
400 Homes Were Sold
Under Asking
193 Homes Were Sold
At Asking
197 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tulsa County, you may be able to get a good deal. 50.6% of homes here sold below asking price last month.
Summary: A total of 790 homes were sold or pending in Tulsa County in May 2024, down by 2.8% month-over-month. Of the 790 sold homes, 51% were sold under asking, 24% were sold at asking, and 25% were sold over asking.
Days on Market for Tulsa County, OK
How long does it take to sell a home in Tulsa County, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +10.4% |
Summary: Homes in Tulsa County had an average of 29 days on market in May 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
569 Homes Were Sold
Under 30 Days
149 Homes Were Sold
In 30 - 90 Days
72 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tulsa County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 790 homes were sold in Tulsa County; 72% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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