Is Broken Arrow, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broken Arrow is a neutral's market

Buyer's
Market

Difference Since January 2022

At the same time last year, Broken Arrow was a Seller's Market.

Key Takeaway

Broken Arrow is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Broken Arrow, OK cost?

Median Sold Price

$264,468

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$28,325(+12.0%)

Key Takeaway

Homes in Broken Arrow have sold for 12% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $70K$411.5K
+487.9%
2 $145K$151.6K
+4.6%
3 $205K$233.2K
+13.8%
4 $282K$320.1K
+13.5%
5+ $349.5K$399.9K
+14.4%

Median Sold Price Compared To Nearby Cities

Broken Arrow
+12.2%
Broken Arrow
+12.0%
Tulsa
+10.3%
Coweta
+9.2%

How many homes are available in Broken Arrow, OK?

Number of Homes For Sale

Dec 2022Jan 2023%
434437+0.7%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 32
-33.3%
2 1519
+26.7%
3 222210
-5.4%
4 161172
+6.8%
5+ 3334
+3.0%

Number of Homes Sold

Dec 2022Jan 2023%
13168-48.1%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broken Arrow, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
14 Days28 Days+90.0%

Breakdown of Home Sale Times

50 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Broken Arrow are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Broken Arrow, OK

Broken Arrow, OK has 437 homes for sale to choose from. The inventory of homes for sale in Broken Arrow, OK between December 2022 and January 2023 increased by 0.7%. Listings spent 28 days on the market in January 2023, and had a median list price of $264,468 during the same period. Real estate listing prices changed between December 2022 and January 2023: the cost of 1 bedroom properties went up by 487.9%, 2 bedrooms properties became 4.6% more expensive, prices of 3 bedrooms properties increased by 13.8%, prices of 4 bedrooms properties went up by 13.5%, 5 bedrooms properties became 14.4% more expensive. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went down by 33.3%, 2 bedrooms homes inventory increased by 26.7%, number of 3 bedrooms homes decreased by 5.4%, the quantity of 4 bedrooms homes went up by 6.8%, volume of 5 bedrooms homes went up by 3%. While more than 19 listings in Broken Arrow, OK in January 2023 were sold above asking price, there were more than 15 listings sold at asking price, and more than 34 were sold below.

Related Housing Market Reports