Is Oologah-Talala, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oologah-Talala has remained a Seller's Market.
Key Takeaway
Oologah-Talala is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oologah-Talala, OK
How much do homes in Oologah-Talala, OK cost?
Median Sold Price
$287,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oologah-Talala have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in Oologah-Talala was $287,000 in May 2024, down 5.9% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $135K | -25.0% |
| 2 Bedrooms | $127.4K | $199K | +56.1% |
| 3 Bedrooms | $275K | $234K | -14.9% |
| 4 Bedrooms | $360K | $433K | +20.3% |
| 5+ Bedrooms | $469K | $552.5K | +17.8% |
Summary: Oologah-Talala housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 56.1%, 3 bedroom homes decreased by 14.9%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 17.8%.
Median Sold Price Compared To Nearby Cities
| North Tulsa | $285K | $278K | -2.5% |
| Oologah-Talala | $305K | $287K | -5.9% |
| Oologah | $300K | $280K | -6.7% |
| Ochelata-Ramona | $305K | $270K | -11.5% |
Housing Supply in Oologah-Talala, OK
How many homes are available in Oologah-Talala, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 23 | -23.3% |
Summary: The Oologah-Talala real estate market had 23 homes for sale in May 2024, a 23.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Oologah-Talala housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 44.4%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Oologah-Talala, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Oologah-Talala in May 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Oologah-Talala, OK
How long does it take to sell a home in Oologah-Talala, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 63 Days | +670.9% |
Summary: Homes in Oologah-Talala had an average of 63 days on market in May 2024, up by 670.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oologah-Talala are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Oologah-Talala; 50% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
