OK · Metro #56

Tulsa - OK housing market

The Tulsa metro has a typical home value of $252,287, up 2.7% from a year ago. Homes sell in 27 days on average - a balanced market. 24% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$252,287
+2.7% vs. year ago
Median sale price
$260,202
+5.3% YoY
Median list price
$309,250
Sale-to-list ratio
97.8%
Selling below ask
Days on market
27d
Listings w/ price cut
24.4%
New listings / mo
1,292
+1.7% YoY
Homes for sale
4,416
+6.4% YoY
Typical rent
$1,342/mo
+2.1% YoY
Context

How to read this data

The typical home value ($252,287) is the Zillow Home Value Index for the Tulsa - OK metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.7% over the past year. In Tulsa - OK, that means a home worth $245,654 last year is now worth roughly $252,287.

The median sale price , what homes actually close for , is $260,202. Homes are selling at 97.8% of list price, meaning buyers have room to negotiate.

Homes listed in Tulsa - OK sit on the market for roughly 27 days before going pending. Shorter = seller's market; longer = buyer's market.

About 24.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,292 new listings hit the market each month in Tulsa - OK. There are currently 4,416 homes for sale, up 6.4% from a year ago.

The typical monthly rent in Tulsa - OK is $1,342, up 2.1% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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Related

Other metros in OK

MetroHome value1-yr changeDays on market
Oklahoma City - OK$245,682 +1.1% 27.0d
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