Top Small Teams in Tulsa, Oklahoma – Ranked By Volume

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2023 Tulsa, Oklahoma Housing Market Summary

Tulsa, Oklahoma started 2023 with a total of 559 single-family homes on the market, with a median home price of $299,999 and an average price per square foot of $158. By the end of the year, inventory had increased to 725 homes on the market (+29%), with a median home price of $325,000 (+8%) and an average price per square foot of $175 (+10%).

At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had increased to 70 days.

Tulsa started the year with 43% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 43% of Tulsa homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Tulsa started 2023 as a seller’s market, with an MAI score of 39; by the end of the year, the MAI had dropped to 31 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

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