How's the market in your area?

Tulsa, OK

Single-Family Homes

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



Tulsa, OK

Mon Oct 03 2022
This week the median list price for Tulsa, OK is $293,500 with the market action index hovering around 51. This is less than last month's market action index of 54. Inventory has held steady at or around 602. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Mon Oct 03 2022
This week the median list price for Tulsa, OK is $293,500 with the market action index hovering around 51. This is less than last month's market action index of 54. Inventory has held steady at or around 602. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $293,500
Median Price of New Listings $267,500
Per Square Foot $143
Average Days on Market 68
Median Days on Market 42
Price Decreased 43%
Price Increased 4%
Relisted 8%
Inventory 602
Median Rent
Market Action 51
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$699,250 3,897 0.25 - 0.5 acre 4 4 17 11 19 63
$379,224 2,575 0.25 - 0.5 acre 4 3 44 27 17 42
$240,000 1,780 8,000 - 10,000 sqft 3 2 56 28 30 35
$145,000 1,181 6,500 - 8,000 sqft 3 1 69 28 31 35