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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tulsa is a seller's market

Buyer's
Market

Difference Since February 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

$226,611

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$5,143(+2.3%)

Key Takeaway

Homes in Tulsa have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Tulsa was $226,611 in February 2024, up 2.3% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $69K$85.5K
+23.9%
2 $140K$138K
-1.4%
3 $203.9K$210.3K
+3.1%
4 $350.2K$358.5K
+2.3%
5+ $595K$530K
-10.9%

Summary: Tulsa housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.9%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 10.9%.

Median Sold Price Compared To Nearby Cities

Catoosa
+21.1%
Jenks
+4.1%
Tulsa
+2.3%
Sperry
-24.6%

Housing Supply in Tulsa, OK

How many homes are available in Tulsa, OK?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,3061,359+4.1%

Summary: The Tulsa real estate market had 1,359 homes for sale in February 2024, a 4.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 3135
+12.9%
2 222213
-4.1%
3 638651
+2.0%
4 319348
+9.1%
5+ 96112
+16.7%

Summary: The Tulsa housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.9%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
304264-13.2%

Asking Price vs. Sold Price

136 Homes Were Sold
Under Asking

80 Homes Were Sold
At Asking

48 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tulsa, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.

Summary: A total of 264 homes were sold or pending in Tulsa in February 2024, down by 13.2% month-over-month. Of the 264 sold homes, 52% were sold under asking, 30% were sold at asking, and 18% 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

Feb 2023Feb 2024CHANGE
34 Days38 Days+12.4%

Summary: Homes in Tulsa had an average of 38 days on market in Feb 2024, up by 12.4% compared to last year.

Breakdown of Home Sale Times

138 Homes Were Sold
Under 30 Days

99 Homes Were Sold
In 30 - 90 Days

27 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 264 homes were sold in Tulsa; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 10% 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 27 Days Ago

Newest Listings in Tulsa, OK

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