$297,500
10.00 Acres
Land
Heather Brewster, Listing Office: Solid Rock, REALTORS
Is Southwest Tulsa, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Southwest Tulsa was a Seller's Market.
Key Takeaway
Southwest 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 Southwest Tulsa, OK
How much do homes in Southwest Tulsa, OK cost?
Median Sold Price
$160,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$32,000(+25.0%)
Key Takeaway
Homes in Southwest Tulsa have sold for 25% more than they did a year ago.
Summary: The median home sold price in Southwest Tulsa was $160,000 in August 2024, up 25% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85.5K | N/A |
| 2 Bedrooms | $105.5K | $127.4K | +20.8% |
| 3 Bedrooms | $137.5K | $174K | +26.5% |
| 4 Bedrooms | $183K | $240K | +31.1% |
| 5+ Bedrooms | $520K | $135K | -74.0% |
Summary: Southwest Tulsa housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes decreased by 74%.
Housing Supply in Southwest Tulsa, OK
How many homes are available in Southwest Tulsa, OK?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 25 | 45 | +80.0% |
Summary: The Southwest Tulsa real estate market had 45 homes for sale in August 2024, a 80.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 11 | 32 | +190.9% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southwest Tulsa housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 190.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Tulsa, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Southwest Tulsa in August 2024, up by 16.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Southwest Tulsa, OK
How long does it take to sell a home in Southwest Tulsa, OK?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 12 Days | 11 Days | -4.4% |
Summary: Homes in Southwest Tulsa had an average of 11 days on market in Aug 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Tulsa are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 7 homes were sold in Southwest Tulsa; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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