$2,671 Closing Credit*
$224,900
1,620 SqFt
3 Beds
•2 Full Baths
Shawn Watkins, Listing Office: Ryon & Associates, Inc.
Is Tulsa, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Tulsa has remained a Seller's Market.
Key Takeaway
Tulsa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tulsa, OK
How much do homes in Tulsa, OK cost?
Median Sold Price
$236,328
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,220(+5.9%)
Key Takeaway
Homes in Tulsa have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Tulsa was $236,328 in October 2024, up 5.9% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82K | $89.5K | +9.1% |
| 2 Bedrooms | $135.1K | $150.4K | +11.3% |
| 3 Bedrooms | $205.1K | $219.9K | +7.2% |
| 4 Bedrooms | $350.1K | $375K | +7.1% |
| 5+ Bedrooms | $525K | $530K | +1.0% |
Summary: Tulsa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 1%.
Housing Supply in Tulsa, OK
How many homes are available in Tulsa, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,862 | 1,985 | +6.6% |
Summary: The Tulsa real estate market had 1,985 homes for sale in October 2024, a 6.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 51 | +24.4% |
| 2 Bedrooms | 298 | 313 | +5.0% |
| 3 Bedrooms | 930 | 998 | +7.3% |
| 4 Bedrooms | 480 | 500 | +4.2% |
| 5+ Bedrooms | 113 | 123 | +8.8% |
Summary: The Tulsa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24.4%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 364 | 360 | -1.1% |
Asking Price vs. Sold Price
196 Homes Were Sold
Under Asking
86 Homes Were Sold
At Asking
78 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tulsa, you may be able to get a good deal. 54.4% of homes here sold below asking price last month.
Summary: A total of 360 homes were sold or pending in Tulsa in October 2024, down by 1.1% month-over-month. Of the 360 sold homes, 54% were sold under asking, 24% were sold at asking, and 22% were sold over asking.
Days on Market for Tulsa, OK
How long does it take to sell a home in Tulsa, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 35 Days | +38.7% |
Summary: Homes in Tulsa had an average of 35 days on market in Oct 2024, up by 38.7% compared to last year.
Breakdown of Home Sale Times
209 Homes Were Sold
Under 30 Days
113 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tulsa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 360 homes were sold in Tulsa; 58% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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