Is Owasso, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$317,336
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Owasso have sold for 19.4% more than they did a year ago.
Summary: The median home sold price in Owasso was $317,336 in March 2024, up 19.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | - | N/A |
| 2 Bedrooms | $236.1K | $155K | -34.3% |
| 3 Bedrooms | $239.9K | $262.6K | +9.5% |
| 4 Bedrooms | $345K | $376.6K | +9.2% |
| 5+ Bedrooms | $503.2K | $582.5K | +15.7% |
Summary: Owasso housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Cities
| Owasso | $265.8K | $317.3K | +19.4% |
| North Tulsa | $268K | $282.5K | +5.4% |
| Collinsville | $264K | $276.1K | +4.6% |
Housing Supply in Owasso, OK
How many homes are available in Owasso, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 243 | 268 | +10.3% |
Summary: The Owasso real estate market had 268 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 102 | 121 | +18.6% |
| 4 Bedrooms | 108 | 111 | +2.8% |
| 5+ Bedrooms | 32 | 34 | +6.3% |
Summary: The Owasso housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 58 | +38.1% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Owasso, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Owasso in March 2024, up by 38.1% month-over-month. Of the 58 sold homes, 59% were sold under asking, 21% were sold at asking, and 21% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 55 Days | +52.4% |
Summary: Homes in Owasso had an average of 55 days on market in Mar 2024, up by 52.4% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
16 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 March 2024, 58 homes were sold in Owasso; 50% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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