Is Tulsa, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Tulsa has remained a Seller's Market.
Housing Prices in Tulsa, OK
How much do homes in Tulsa, OK cost?
Median Sold Price
$229,671
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tulsa was $229,671 in April 2024, up 3% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $77.5K | $88K | +13.5% |
2 Bedrooms | $143.5K | $140.6K | -2.1% |
3 Bedrooms | $204.7K | $214.4K | +4.7% |
4 Bedrooms | $352.9K | $360.6K | +2.2% |
5+ Bedrooms | $557K | $525K | -5.7% |
Summary: Tulsa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in Tulsa, OK
How many homes are available in Tulsa, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,608 | 1,720 | +7.0% |
Summary: The Tulsa real estate market had 1,720 homes for sale in April 2024, a 7.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 44 | 44 | 0.0% |
2 Bedrooms | 257 | 272 | +5.8% |
3 Bedrooms | 780 | 797 | +2.2% |
4 Bedrooms | 404 | 466 | +15.3% |
5+ Bedrooms | 123 | 141 | +14.6% |
Summary: The Tulsa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 14.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
410 | 413 | +0.7% |
Asking Price vs. Sold Price
215 Homes Were Sold
Under Asking
111 Homes Were Sold
At Asking
87 Homes Were Sold
Over Asking
Summary: A total of 413 homes were sold or pending in Tulsa in April 2024, up by 0.7% month-over-month. Of the 413 sold homes, 52% were sold under asking, 27% were sold at asking, and 21% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 31 Days | +31.7% |
Summary: Homes in Tulsa had an average of 31 days on market in Apr 2024, up by 31.7% compared to last year.
Breakdown of Home Sale Times
293 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
51 Homes Were Sold
Over 90 Days
Summary: During April 2024, 413 homes were sold in Tulsa; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.