Tulsa, OK Housing Market: What to Expect in 2025?

Name: Tulsa, OK Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Overview

Supply

Demand

Buy or Sell

Tulsa Housing Market Overview

The Tulsa real estate market shows steady growth with moderate competition. The average home price has risen by 5% year-over-year, presently at $242,500. Homes typically sell within 29 days. 409 homes were sold this month, which is a modest 2.3% increase from last year.

Tulsa offers a range of affordable housing options, from historic Art Deco properties to modern downtown condos. The market is characterized by steady price appreciation and strong investment potential, with an appealing blend of suburban charm and growing urban amenities.

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Tulsa Housing Supply

Tulsa attracts both homebuyers and investors with its affordability, rental yields and appreciation potential. Currently, there are 850 homes for sale in Tulsa, which is up 5.9% from last year, and includes 511 new listings. This gives buyers more options, though the 2.1-month supply period creates some competition.

The Tulsa, Oklahoma, real estate market follows seasonal trends, with more homes listed during spring and summer. Both parties generally aim to close before winter sets in. Popular neighborhoods like Midtown, Brookside, and South Tulsa continue to attract interest, despite fluctuating prices. Buyers should conduct thorough research and home inspections before making offers, in order to get the best value in this growing market.

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Tulsa Housing Demand

The Tulsa real estate market is moderately competitive at the moment. 22% of homes sell above the list price, a 7% decrease from last year. Meanwhile, 37.1% of sellers accept offers below their initial asking price, with the average sale-to-list ratio at 98%. This indicates balanced negotiations and increased leverage for buyers.

Sellers should price their homes accurately from the start to attract committed buyers. With increasing inventory and price reductions, be prepared for negotiations. You can list your property on the Oklahoma MLS to boost exposure. On the other hand, buyers can use their current negotiating power and the reasonable market timeline to secure better terms.

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Strong
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Buyer’s Market

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Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.

Tulsa Market: When to Buy or Sell?

The housing market in Tulsa follows typical seasonal patterns, with trends reflecting broader Oklahoma housing market conditions but with local nuances. The inventory growth in spring gives buyers more options, while sellers benefit from peak buyer activity during summer.

With just a 2.1-month supply, Tulsa's market favors sellers, unlike the more balanced US real estate market. Despite modest price growth, buyers still have a lot to gain from the rise in inventory. However, sellers maintain their strong position due to limited overall supply. Keep track of these trends to time your move. Also, watch local economic development projects for additional market insights.

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Tulsa Housing Market

Frequently Asked Questions

How have the average home prices in Tulsa, OK, changed over the past year?

Home values in Tulsa, OK, have increased by 5% over the past year, with the median price currently at $242,500. To determine your property's worth and compare it with others in your area, try our free home value estimator.

What are the Tulsa housing market predictions for 2025?

Home prices in Tulsa will likely continue their steady upward trajectory in the coming months. Demand should remain stable with gradually improving inventory. Rising mortgage rates may slow down but not halt Tulsa's market growth.

What's the average home value in Tulsa?

Tulsa, OK, home prices vary by neighborhood and property features. They range from $86,000 for condos to $243,000 for single-family residences. Budget-conscious homebuyers can explore cheap homes for sale in Tulsa.

Is this a good time to buy houses in Tulsa, Oklahoma?

First, analyze the current housing market in Tulsa, OK, particularly supply and demand trends. At present, buyers benefit from increasing inventory. Tulsa generally offers affordable housing with great appreciation potential.

What are the current Tulsa housing market trends?

The city demonstrates balanced growth with increasing leverage for buyers. Tulsa homes sell reasonably quickly, typically within 29 days of listing. Price reductions are more frequent than in previous years. Before you buy or sell a house in Tulsa, review the city's housing market trends for the best timing.

When will the Tulsa housing market crash?

The housing market in Tulsa, OK, is not likely to crash anytime soon. The steady price appreciation, improving but still limited inventory, and the city's affordability should continue to sustain it.

How to buy a Tulsa house?

Begin with a solid financial plan and secure mortgage pre-approval. Then, explore Tulsa houses for sale, submit strategic offers, and complete the closing process.

How can I list my home for sale in Tulsa, OK?

List your Tulsa home with a Flat Fee MLS Oklahoma listing service. Advanced MLS platforms like Houzeo provide appropriate documentation based on your specific location. 🚀

What is the average mortgage rate for buyers in Tulsa?

Mortgage rates in Tulsa typically fluctuate between 6.13% and 6.92%. Exact rates depend on current economic conditions and your personal credit score. Always check rates with multiple lenders before you apply for a loan.

What is the cost of living in Tulsa, Oklahoma?

Tulsa's living cost is 12% below the national average. Housing in Tulsa is very affordable, with a median price of only $242,500. Food and transportation expenses are also well below the US median.

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