How's the market in your area?

Tulsa, OK

Single-Family Homes

McGraw Realtors - Since 1938 - https://www.mcgrawrealtors.com



Tulsa, OK

Sun Aug 01 2021
This week the median list price for Tulsa, OK is $317,450 with the market action index hovering around 63. This is less than last month's market action index of 67. Inventory has increased to 606. Click here to stay informed with the Tulsa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Tulsa, OK

Sun Aug 01 2021
This week the median list price for Tulsa, OK is $317,450 with the market action index hovering around 63. This is less than last month's market action index of 67. Inventory has increased to 606. Click here to stay informed with the Tulsa market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Tulsa market.
Median List Price $317,450
Median Price of New Listings $219,950
Per Square Foot $131
Average Days on Market 70
Median Days on Market 28
Price Decreased 35%
Price Increased 4%
Relisted 6%
Inventory 606
Median Rent $1,218
Market Action 63
Strong Seller's Market

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$843,000 4,774 0.5 - 1 acre 4 4 27 18 6 63
$439,000 3,265 0.25 - 0.5 acre 4 3 41 28 14 42
$224,949 1,808 8,000 - 10,000 sqft 3 2 60 51 28 21
$120,000 1,140 6,500 - 8,000 sqft 3 1 67 53 35 14