How’s The Market?
As this November 2023 Renaissance Update will show, the real estate market has slowed in 2023. Due to constrained inventory and higher interest rates, about 40 homes will sell in 2023 compared to about 55 in 2022. Sold prices will decrease by 10-15% in 2023.
Over the past several months, the median sales price for a home in the Renaissance neighborhood was $251,000, about 11% lower than the Midtown average of $280,000. The average home here sells for about 97% of the list price. Demonstrating high buyer demand, homes for sale in the Renaissance neighborhood are on the market for just 20-30 days from listing to closing.
Stay informed about the latest real estate trends with this November 2023 Renaissance Update. Discover up-to-date property prices and sales activity for this vibrant Tulsa community.
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Renaissance Market Update
Data points show the past 30 days of activity using data from MLS Technology, Inc., the multiple listing service of the Greater Tulsa Association of Realtors®.
Midtown Tulsa, OK
Nestled in the heart of the city, Midtown Tulsa offers a unique blend of history, charm, and modern amenities. The Renaissance neighborhood is defined by the area between 11th Street and 15th Street East, from Harvard to Lewis South. This neighborhood enjoys a selection of restaurants, boutique shops, antique shops, and funky vintage stores. The majority of the homes were built between the 1920s and 40s in the Craftsman, Bungalow, Tudor, and Colonial styles.
Midtown stands as a testament to the rich tapestry of diversity that defines the vibrant city of Tulsa. With its eclectic mix of neighborhoods, cultural landmarks, and diverse population, Midtown Tulsa is a microcosm of unity. The fabric of Midtown’s diversity is woven from various threads representing unique cultural heritages, socioeconomic backgrounds, and ways of life. Whatever type of home and neighborhood you prefer, the Midtown Tulsa area welcomes people from all walks of life.
