$5,878 Closing Credit*
$495,000
4,349 SqFt
4 Beds
•3 Full Baths, 2 Partial
Marcy Cordova, Listing Office: RE/MAX Results
Is Owasso, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Owasso has remained a Seller's Market.
Key Takeaway
Owasso is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Owasso, OK
How much do homes in Owasso, OK cost?
Median Sold Price
$323,774
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$13,774(+4.4%)
Key Takeaway
Homes in Owasso have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Owasso was $323,774 in August 2024, up 4.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | - | N/A |
| 2 Bedrooms | $180K | $140K | -22.2% |
| 3 Bedrooms | $244.9K | $274.3K | +12.0% |
| 4 Bedrooms | $380.6K | $385K | +1.1% |
| 5+ Bedrooms | $549.6K | $607K | +10.4% |
Summary: Owasso 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 decreased by 22.2%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
| North Tulsa | $266K | $280K | +5.3% |
| Owasso | $310K | $323.7K | +4.4% |
| Collinsville | $274K | $275K | 0.4% |
Housing Supply in Owasso, OK
How many homes are available in Owasso, OK?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 312 | 333 | +6.7% |
Summary: The Owasso real estate market had 333 homes for sale in August 2024, a 6.7% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 134 | 140 | +4.5% |
| 4 Bedrooms | 146 | 154 | +5.5% |
| 5+ Bedrooms | 30 | 34 | +13.3% |
Summary: The Owasso housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 70 | 72 | +2.9% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Owasso, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in Owasso in August 2024, up by 2.9% month-over-month. Of the 72 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Owasso, OK
How long does it take to sell a home in Owasso, OK?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 32 Days | 33 Days | +4.3% |
Summary: Homes in Owasso had an average of 33 days on market in Aug 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Owasso are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 72 homes were sold in Owasso; 65% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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