Is South Tulsa, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Tulsa is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, South Tulsa was a Seller's Market.

Key Takeaway

South Tulsa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in South Tulsa, OK

How much do homes in South Tulsa, OK cost?

Median Sold Price

$319,996

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$17,006(+5.6%)

Key Takeaway

Homes in South Tulsa have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in South Tulsa was $319,996 in September 2024, up 5.6% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $135K$124.7K
-7.6%
3 $242.1K$259.9K
+7.4%
4 $351.6K$367.9K
+4.6%
5+ $517K$509.9K
-1.4%

Summary: South Tulsa housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Cities

Mounds
+40.8%
South Tulsa
+5.6%
Glenpool
+2.0%
Bixby
0.4%

Housing Supply in South Tulsa, OK

How many homes are available in South Tulsa, OK?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
209208-0.5%

Summary: The South Tulsa real estate market had 208 homes for sale in September 2024, a 0.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 22
0.0%
3 8988
-1.1%
4 9799
+2.1%
5+ 2018
-10.0%

Summary: The South Tulsa housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
5725-56.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Tulsa, you may be able to get a good deal. 52% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in South Tulsa in September 2024, down by 56.1% month-over-month. Of the 25 sold homes, 52% were sold under asking, 28% were sold at asking, and 20% were sold over asking.

Days on Market for South Tulsa, OK

How long does it take to sell a home in South Tulsa, OK?

Average Sale Time

Sep 2023Sep 2024CHANGE
27 Days48 Days+74.6%

Summary: Homes in South Tulsa had an average of 48 days on market in Sep 2024, up by 74.6% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 25 homes were sold in South Tulsa; 64% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

Newest Listings in South Tulsa, OK

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