How’s The Market?
As this November 2023 Ranch Acres Update will show, the real estate market has slowed down in 2023. Due to constrained inventory and higher interest rates, about 20 homes will sell in 2023 compared to about 30 in 2022. Many willing and able buyers were frustrated due to the lack of available homes for sale in Ranch Acres.
Over the past year, the median sales price for a home in Ranch Acres was $518,000, about $240,000 more than the Midtown average of $280,000. The average home in Ranch Acres sells for about 100% of the list price. Sold prices will drop by about 10% in 2023 compared to 2022.
Stay informed about the latest real estate trends with this November 2023 Ranch Acres Update. Discover up-to-date property prices and sales activity for this vibrant Tulsa community.
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Ranch Acres 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. Ranch Acres stands as a tranquil oasis that captures the essence of suburban living in Midtown Tulsa. This neighborhood traces its roots back to the mid-20th century when the area was transformed from farmland into a suburban residential community.
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.
