$5,936 Closing Credit*
$499,900
2,392 SqFt
4 Beds
•3 Full Baths
Lynette Acebo, Listing Office: Coldwell Banker Select
Is 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, Tulsa has remained a Seller's Market.
Key Takeaway
Tulsa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tulsa, OK
How much do homes in Tulsa, OK cost?
Median Sold Price
$235,168
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$10,337(+4.6%)
Key Takeaway
Homes in Tulsa have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Tulsa was $235,168 in August 2024, up 4.6% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $91.5K | +14.4% |
| 2 Bedrooms | $134.6K | $149.6K | +11.1% |
| 3 Bedrooms | $205.9K | $217K | +5.4% |
| 4 Bedrooms | $355.6K | $371.5K | +4.5% |
| 5+ Bedrooms | $499K | $552K | +10.6% |
Summary: Tulsa housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 10.6%.
Housing Supply in Tulsa, OK
How many homes are available in Tulsa, OK?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1,861 | 1,972 | +6.0% |
Summary: The Tulsa real estate market had 1,972 homes for sale in August 2024, a 6.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 42 | 46 | +9.5% |
| 2 Bedrooms | 301 | 332 | +10.3% |
| 3 Bedrooms | 901 | 934 | +3.7% |
| 4 Bedrooms | 471 | 505 | +7.2% |
| 5+ Bedrooms | 146 | 155 | +6.2% |
Summary: The Tulsa housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 6.2%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 424 | 416 | -1.9% |
Asking Price vs. Sold Price
233 Homes Were Sold
Under Asking
98 Homes Were Sold
At Asking
85 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tulsa, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 416 homes were sold or pending in Tulsa in August 2024, down by 1.9% month-over-month. Of the 416 sold homes, 56% were sold under asking, 24% were sold at asking, and 20% were sold over asking.
Days on Market for Tulsa, OK
How long does it take to sell a home in Tulsa, OK?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 22 Days | 29 Days | +30.0% |
Summary: Homes in Tulsa had an average of 29 days on market in Aug 2024, up by 30% compared to last year.
Breakdown of Home Sale Times
274 Homes Were Sold
Under 30 Days
107 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tulsa are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 416 homes were sold in Tulsa; 66% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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