Is South Tulsa, 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, South Tulsa has remained a Seller's Market.
Housing Prices in South Tulsa, OK
How much do homes in South Tulsa, OK cost?
Median Sold Price
$309,995
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Tulsa was $309,995 in April 2024, up 2.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $81K | $130.9K | +61.7% |
3 Bedrooms | $245K | $255K | +4.1% |
4 Bedrooms | $390K | $355.5K | -8.8% |
5+ Bedrooms | $565.6K | $514.5K | -9.0% |
Summary: South Tulsa 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 increased by 61.7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 9%.
Housing Supply in South Tulsa, OK
How many homes are available in South Tulsa, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
201 | 200 | -0.5% |
Summary: The South Tulsa real estate market had 200 homes for sale in April 2024, a 0.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 80 | 77 | -3.8% |
4 Bedrooms | 97 | 98 | +1.0% |
5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The South Tulsa 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 increased by 33.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 49 | +36.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in South Tulsa in April 2024, up by 36.1% month-over-month. Of the 49 sold homes, 37% were sold under asking, 43% were sold at asking, and 20% were sold over asking.
Days on Market for South Tulsa, OK
How long does it take to sell a home in South Tulsa, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 42 Days | -19.5% |
Summary: Homes in South Tulsa had an average of 42 days on market in Apr 2024, down by 19.5% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 49 homes were sold in South Tulsa; 65% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.