OK · Metro #56

Tulsa - OK housing market

The Tulsa metro has a typical home value of $255,840, up 2.9% from a year ago. Homes sell in 20 days on average, a balanced market. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$255,840
+2.9% vs. year ago
Median sale price
$256,846
+2.4% YoY
Median list price
$321,500
Sale-to-list ratio
97.8%
Selling below ask
Days on market
20d
Listings w/ price cut
26.6%
New listings / mo
1,428
-1.7% YoY
Homes for sale
4,516
+2.3% YoY
Typical rent
$1,361/mo
+3.3% YoY
Context

How to read this data

The typical home value ($255,840) 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 2.9% over the past year. In Tulsa - OK, that means a home worth $248,630 last year is now worth roughly $255,840.

The median sale price , what homes actually close for , is $256,846. 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 20 days before going pending. Shorter = seller's market; longer = buyer's market.

About 26.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,428 new listings hit the market each month in Tulsa - OK. There are currently 4,516 homes for sale, up 2.3% from a year ago.

The typical monthly rent in Tulsa - OK is $1,361, up 3.3% 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$247,745 +0.9% 21.0d
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