For the purposes of this midtown Tulsa market report, midtown is mapped from 11th Street to the north to I-44 to the south; Riverside to the west and Yale to the east. We have enjoyed a Seller’s market for some time now, but things seem to be slowing down a bit. Here’s a quick review of what’s happening in different price ranges.
And keep in mind that the absorption rate analysis in midtown Tulsa differs from neighborhood to neighborhood. For example, homes may be moving quicker in Florence Park than in another midtown neighborhood. If you are interested in where to price your home or how long it may take to sell, I am happy to prepare a personal market analysis for you! 918-852-5036
Price range $100,000-$149,000
23 active properties; 22 pending properties
45 closed properties – average days on market 24 (32 properties sold within 1st month)
Price range $150,000-$199,000
25 active properties; 21 pending properties
43 closed properties – average days on market 32 (29 properties sold within 1st month)
Price range $200,000-$249,000
18 active properties; 13 pending properties
31 closed properties – average days on market 30 (16 properties sold within 1st month)
Price range $250,000-$299,000
18 active properties; 10 pending properties
28 closed properties – average days on market 25 (21 properties sold within 1st month)
Price range $300,000-$399,000
40 active properties; 12 pending properties
45 closed properties – average days on market 52 (21 properties sold within 1st month)
Price range $400,000-$499,000
35 active properties; 8 pending properties
19 closed properties – average days on market 106 (8 properties sold within 1st month)
Price range $500,000-$599,00
34 active properties; 5 pending properties
17 closed properties – average days on market 69 (9 properties sold within 1st month)
Price range $600,000-$699,00
28 active properties; 3 pending properties
closed properties – average days on market 167 (4 properties sold within 1st month)
Price range $700,000-$799,000
17 active properties; 1 pending property
9 closed properties – average days on market 77 (6 properties sold within 1st month)
Price range $800,000-$1,000,000
22 active properties; 3 pending properties
6 closed properties – average days on market 136 (1 property sold within 1st month)
It’s important to understand the absorption rate as well as the comps (comparable sales) for your specific midtown Tulsa neighborhood. Please call if I can assist!
Content written and published by Lori Cain.
Lori Cain is a residential Realtor with eXp Realty serving the greater Tulsa Oklahoma area and specializing in midtown Tulsa. Call 918-852-5036. eXp Realty is the Agent-Owned Cloud Brokerage®!
