Is Tulsa, 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, Tulsa has remained a Seller's Market.
Housing Prices in Tulsa, OK
How much do homes in Tulsa, OK cost?
Median Sold Price
$227,287
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tulsa was $227,287 in March 2024, up 1.3% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $76K | $86K | +13.2% |
2 Bedrooms | $140K | $139.6K | -0.2% |
3 Bedrooms | $204.3K | $210.1K | +2.8% |
4 Bedrooms | $353.9K | $357.6K | +1.0% |
5+ Bedrooms | $589.9K | $524.5K | -11.1% |
Summary: Tulsa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 11.1%.
Housing Supply in Tulsa, OK
How many homes are available in Tulsa, OK?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,407 | 1,573 | +11.8% |
Summary: The Tulsa real estate market had 1,573 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 38 | 38 | 0.0% |
2 Bedrooms | 220 | 257 | +16.8% |
3 Bedrooms | 690 | 758 | +9.9% |
4 Bedrooms | 346 | 395 | +14.2% |
5+ Bedrooms | 113 | 125 | +10.6% |
Summary: The 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 increased by 16.8%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
300 | 362 | +20.7% |
Asking Price vs. Sold Price
189 Homes Were Sold
Under Asking
87 Homes Were Sold
At Asking
86 Homes Were Sold
Over Asking
Summary: A total of 362 homes were sold or pending in Tulsa in March 2024, up by 20.7% month-over-month. Of the 362 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 39 Days | +46.9% |
Summary: Homes in Tulsa had an average of 39 days on market in Mar 2024, up by 46.9% compared to last year.
Breakdown of Home Sale Times
228 Homes Were Sold
Under 30 Days
80 Homes Were Sold
In 30 - 90 Days
54 Homes Were Sold
Over 90 Days
Summary: During March 2024, 362 homes were sold in Tulsa; 63% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.