$3,800 Closing Credit*
$320,000
1,874 SqFt
3 Beds
•2 Full Baths
Koty Hammer, Listing Office: Thunder Ridge Realty, LLC
Is South Tulsa, 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, South Tulsa has remained a Seller's Market.
Key Takeaway
South Tulsa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Tulsa, OK
How much do homes in South Tulsa, OK cost?
Median Sold Price
$319,990
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$19,360(+6.4%)
Key Takeaway
Homes in South Tulsa have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in South Tulsa was $319,990 in August 2024, up 6.4% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $135K | $124.7K | -7.6% |
| 3 Bedrooms | $242.1K | $259.9K | +7.4% |
| 4 Bedrooms | $349.9K | $370K | +5.7% |
| 5+ Bedrooms | $561.5K | $492.4K | -12.3% |
Summary: South Tulsa 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 7.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 12.3%.
Housing Supply in South Tulsa, OK
How many homes are available in South Tulsa, OK?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 232 | 224 | -3.4% |
Summary: The South Tulsa real estate market had 224 homes for sale in August 2024, a 3.4% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 95 | 95 | 0.0% |
| 4 Bedrooms | 116 | 105 | -9.5% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The South Tulsa housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 44 | 55 | +25.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Tulsa, you could pay more than the asking price. 43.6% of homes here sold above asking price last month.
Summary: A total of 55 homes were sold or pending in South Tulsa in August 2024, up by 25.0% month-over-month. Of the 55 sold homes, 35% were sold under asking, 22% were sold at asking, and 44% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 41 Days | 43 Days | +4.0% |
Summary: Homes in South Tulsa had an average of 43 days on market in Aug 2024, up by 4% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
6 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 August 2024, 55 homes were sold in South Tulsa; 60% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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