Is South Tulsa, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, South Tulsa was a Seller's Market.
Key Takeaway
South Tulsa is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in South Tulsa, OK
How much do homes in South Tulsa, OK cost?
Median Sold Price
$310,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in South Tulsa has remained the same since last year.
Summary: The median home sold price in South Tulsa was $310,000 in March 2024, up 0.2% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $85.5K | $130.9K | +53.2% |
| 3 Bedrooms | $245K | $249.4K | +1.8% |
| 4 Bedrooms | $387.5K | $355.1K | -8.3% |
| 5+ Bedrooms | $569.9K | $489K | -14.2% |
Summary: South Tulsa 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 increased by 53.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 14.2%.
Housing Supply in South Tulsa, OK
How many homes are available in South Tulsa, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 189 | 198 | +4.8% |
Summary: The South Tulsa real estate market had 198 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 3 | -57.1% |
| 3 Bedrooms | 78 | 79 | +1.3% |
| 4 Bedrooms | 89 | 95 | +6.7% |
| 5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The South Tulsa 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 decreased by 57.1%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 29 | -23.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Tulsa, you may be able to get a good deal. 34.5% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in South Tulsa in March 2024, down by 23.7% month-over-month. Of the 29 sold homes, 34% were sold under asking, 34% were sold at asking, and 31% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 43 Days | -10.3% |
Summary: Homes in South Tulsa had an average of 43 days on market in Mar 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Tulsa are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in South Tulsa; 52% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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