$3,741 Closing Credit*
$315,000
2,195 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jennifer Arsenault, Listing Office: Flotilla Real Estate Partners
Is South Tulsa, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, South Tulsa was a Seller's Market.
Key Takeaway
South Tulsa is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in South Tulsa, OK
How much do homes in South Tulsa, OK cost?
Median Sold Price
$319,697
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,916(+3.2%)
Key Takeaway
Homes in South Tulsa have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in South Tulsa was $319,697 in October 2024, up 3.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $120.7K | -13.8% |
| 3 Bedrooms | $242.1K | $259.9K | +7.4% |
| 4 Bedrooms | $360.6K | $357.5K | -0.8% |
| 5+ Bedrooms | $487K | $540K | +10.9% |
Summary: South Tulsa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 10.9%.
Housing Supply in South Tulsa, OK
How many homes are available in South Tulsa, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 211 | 243 | +15.2% |
Summary: The South Tulsa real estate market had 243 homes for sale in October 2024, a 15.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 94 | 106 | +12.8% |
| 4 Bedrooms | 95 | 114 | +20.0% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The South Tulsa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 40 | +25.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Tulsa, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 40 homes were sold or pending in South Tulsa in October 2024, up by 25.0% month-over-month. Of the 40 sold homes, 33% were sold under asking, 40% were sold at asking, and 28% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 41 Days | +23.5% |
Summary: Homes in South Tulsa had an average of 41 days on market in Oct 2024, up by 23.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Tulsa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in South Tulsa; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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