Is South Tulsa, 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, South Tulsa has remained a Seller's Market.
Housing Prices in South Tulsa, OK
How much do homes in South Tulsa, OK cost?
Median Sold Price
$314,992
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Tulsa was $314,992 in May 2024, up 6.6% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $85.5K | $128K | +49.7% |
3 Bedrooms | $237K | $252.5K | +6.5% |
4 Bedrooms | $344.9K | $356.9K | +3.5% |
5+ Bedrooms | $581.5K | $487K | -16.3% |
Summary: South Tulsa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 16.3%.
Housing Supply in South Tulsa, OK
How many homes are available in South Tulsa, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
213 | 214 | 0.5% |
Summary: The South Tulsa real estate market had 214 homes for sale in May 2024, a 0.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 83 | 71 | -14.5% |
4 Bedrooms | 109 | 115 | +5.5% |
5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The South Tulsa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 46 | -14.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in South Tulsa in May 2024, down by 14.8% month-over-month. Of the 46 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% were sold over asking.
Days on Market for South Tulsa, OK
How long does it take to sell a home in South Tulsa, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 46 Days | +11.6% |
Summary: Homes in South Tulsa had an average of 46 days on market in May 2024, up by 11.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 46 homes were sold in South Tulsa; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.