Is Owasso, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Owasso has remained a Seller's Market.
Key Takeaway
Owasso is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Owasso, OK
How much do homes in Owasso, OK cost?
Median Sold Price
$321,133
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Owasso have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in Owasso was $321,133 in April 2024, up 19.7% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | - | N/A |
| 2 Bedrooms | $262.2K | $155K | -40.9% |
| 3 Bedrooms | $239.9K | $265K | +10.4% |
| 4 Bedrooms | $343.2K | $384K | +11.9% |
| 5+ Bedrooms | $521.5K | $575K | +10.3% |
Summary: Owasso housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40.9%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Owasso | $268.2K | $321.1K | +19.7% |
| Collinsville | $265K | $275K | +3.8% |
| North Tulsa | $275.2K | $273.3K | -0.7% |
Housing Supply in Owasso, OK
How many homes are available in Owasso, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 268 | 274 | +2.2% |
Summary: The Owasso real estate market had 274 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 118 | 115 | -2.5% |
| 4 Bedrooms | 115 | 127 | +10.4% |
| 5+ Bedrooms | 33 | 31 | -6.1% |
Summary: The Owasso housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 6.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 71 | +14.5% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Owasso, you may be able to get a good deal. 49.3% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in Owasso in April 2024, up by 14.5% month-over-month. Of the 71 sold homes, 49% were sold under asking, 32% were sold at asking, and 18% were sold over asking.
Days on Market for Owasso, OK
How long does it take to sell a home in Owasso, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 39 Days | +13.5% |
Summary: Homes in Owasso had an average of 39 days on market in Apr 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Owasso are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 71 homes were sold in Owasso; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.