$1,544 Closing Credit*
$130,000
1,403 SqFt
2 Beds
•1 Full Bath
Katherine King, Listing Office: McGraw, 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 December 2023
Since last year, Southwest Tulsa has remained a Seller's Market.
Key Takeaway
Southwest Tulsa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest Tulsa, OK
How much do homes in Southwest Tulsa, OK cost?
Median Sold Price
$150,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$3,250(+2.2%)
Key Takeaway
Homes in Southwest Tulsa have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Southwest Tulsa was $150,000 in December 2024, up 2.2% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85.5K | N/A |
| 2 Bedrooms | $108K | $132.4K | +22.6% |
| 3 Bedrooms | $151.2K | $163K | +7.8% |
| 4 Bedrooms | $183K | $230K | +25.7% |
| 5+ Bedrooms | $520K | $135K | -74.0% |
Summary: Southwest Tulsa housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 25.7%, 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 48 | 43 | -10.4% |
Summary: The Southwest Tulsa real estate market had 43 homes for sale in December 2024, a 10.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 28 | 26 | -7.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Southwest Tulsa housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were 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. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Southwest Tulsa in December 2024, up by 11.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 19 Days | 37 Days | +89.7% |
Summary: Homes in Southwest Tulsa had an average of 37 days on market in Dec 2024, up by 89.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Tulsa are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 10 homes were sold in Southwest Tulsa; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
