Blog

Broken Arrow Absorption Rate vs Time Graph showing change in the rolling three-month absorption rate by price point for Broken Arrow School District and the City of Broken Arrow -- July 25, 2017

Broken Arrow Real Estate Market Statistics: July 2017

Broken Arrow Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from April 25, 2017 to July 25, 2017)

What are the chances of selling my house in Broken Arrow?

You may discover that you can find a bigger house for less money in Broken Arrow. The market is moving just as fast in Broken Arrow as it is in Tulsa. There is tight inventory in both markets. In both markets the sellers have an advantage at the lower price points, while the buyers have the advantage at the higher price points.

Remember, a balanced market is one with a six-month supply of homes.

Take a look at the statistics for the Broken Arrow real estate market below and compare them with the real estate market in midtown Tulsa. These statistics will show you how fast homes are selling in Broken Arrow.

Here is a graph of the rolling three-month absorption rate for Broken Arrow, showing how the 90-day absorption rate in Broken Arrow has been changing from month to month at each price point. It shows whether the market is speeding up (i.e., moving toward a sellers’ market) or slowing down (i.e., moving toward a buyers’ market).

Broken Arrow Absorption Rate vs Time Graph July 2017

Broken Arrow Real Estate Market Statistics by Price Point as of July 25, 2017

Overall Average for Houses in Broken Arrow

  • Average Number of Bedrooms: 3
  • Average Number of Full Bathrooms: 2
  • Average Number of Half Bathrooms: 0
  • Average Number of Garage Spaces: 2
  • Median Year Built: 2003
  • Average Square Footage (heated space): 2,098
  • Average Acreage: 0.38
  • Average List Price: $200,164.00
  • Average List Price Per Square Foot: $95.41
  • Average Sales Price: $197,178.00
  • Average Sales Price Per Square Foot: $93.98
  • Average Sales Price to List Price Ratio: 98.72%
  • Average Cumulative Days on Market: 63
  • Months Supply of Homes: 3.56
  • Odds of Selling in 90 Days: 32.25%

Up to $100,000

  • Average Number of Bedrooms: 3
  • Average Number of Full Bathrooms: 2
  • Average Number of Half Bathrooms: 0
  • Average Number of Garage Spaces: 2
  • Median Year Built: 1976
  • Average Square Footage (heated space): 1,325
  • Average Acreage: 0.27
  • Average List Price: $87,127.00
  • Average List Price Per Square Foot: $65.76
  • Average Sales Price: $85,478.00
  • Average Sales Price Per Square Foot: $64.51
  • Average Sales Price to List Price Ratio: 98.46%
  • Average Cumulative Days on Market: 19
  • Months Supply of Homes: 0.91
  • Odds of Selling in 90 Days: 56.90%

$100,000 to $150,000

  • Average Number of Bedrooms: 3
  • Average Number of Full Bathrooms: 2
  • Average Number of Half Bathrooms: 0
  • Average Number of Garage Spaces: 2
  • Median Year Built: 1981
  • Average Square Footage (heated space): 1,540
  • Average Acreage: 0.26
  • Average List Price: $130,520.00
  • Average List Price Per Square Foot: $84.75
  • Average Sales Price: $128,227.00
  • Average Sales Price Per Square Foot: $83.26
  • Average Sales Price to List Price Ratio: 98.47%
  • Average Cumulative Days on Market: 29
  • Months Supply of Homes: 1.78
  • Odds of Selling in 90 Days: 44.23%

$150,000 to $200,000

  • Average Number of Bedrooms: 3
  • Average Number of Full Bathrooms: 2
  • Average Number of Half Bathrooms: 0
  • Average Number of Garage Spaces: 2
  • Median Year Built: 2003
  • Average Square Footage (heated space): 1,880
  • Average Acreage: 0.28
  • Average List Price: $175,031.00
  • Average List Price Per Square Foot: $93.10
  • Average Sales Price: $173,447.00
  • Average Sales Price Per Square Foot: $92.26
  • Average Sales Price to List Price Ratio: 99.14%
  • Average Cumulative Days on Market: 49
  • Months Supply of Homes: 2.73
  • Odds of Selling in 90 Days: 36.49%

$200,000 to $250,000

  • Average Number of Bedrooms: 4
  • Average Number of Full Bathrooms: 2
  • Average Number of Half Bathrooms: 0
  • Average Number of Garage Spaces: 2
  • Median Year Built: 2005
  • Average Square Footage (heated space): 2,297
  • Average Acreage: 0.44
  • Average List Price: $224,689.00
  • Average List Price Per Square Foot: $97.82
  • Average Sales Price: $221,969.00
  • Average Sales Price Per Square Foot: $96.63
  • Average Sales Price to List Price Ratio: 98.84%
  • Average Cumulative Days on Market: 74
  • Months Supply of Homes: 3.47
  • Odds of Selling in 90 Days: 32.43%

$250,000 to $300,000

  • Average Number of Bedrooms: 4
  • Average Number of Full Bathrooms: 2
  • Average Number of Half Bathrooms: 1
  • Average Number of Garage Spaces: 3
  • Median Year Built: 2008
  • Average Square Footage (heated space): 2,832
  • Average Acreage: 0.61
  • Average List Price: $273,639.00
  • Average List Price Per Square Foot: $96.62
  • Average Sales Price: $270,560.00
  • Average Sales Price Per Square Foot: $95.54
  • Average Sales Price to List Price Ratio: 98.90%
  • Average Cumulative Days on Market: 105
  • Months Supply of Homes: 9.00
  • Odds of Selling in 90 Days: 18.12%

$300,000 to $350,000

  • Average Number of Bedrooms: 4
  • Average Number of Full Bathrooms: 3
  • Average Number of Half Bathrooms: 1
  • Average Number of Garage Spaces: 3
  • Median Year Built: 2010
  • Average Square Footage (heated space): 3,242
  • Average Acreage: 0.53
  • Average List Price: $330,449.00
  • Average List Price Per Square Foot: $101.93
  • Average Sales Price: $326,358
  • Average Sales Price Per Square Foot: $100.67
  • Average Sales Price to List Price Ratio: 98.82%
  • Average Cumulative Days on Market: 133
  • Months Supply of Homes: 5.68
  • Odds of Selling in 90 Days: 24.36%

$350,000 to $400,000

  • Average Number of Bedrooms: 4
  • Average Number of Full Bathrooms: 3
  • Average Number of Half Bathrooms: 1
  • Average Number of Garage Spaces: 3
  • Median Year Built: 2010
  • Average Square Footage (heated space): 3,716
  • Average Acreage: 0.48
  • Average List Price: $376,679.00
  • Average List Price Per Square Foot: $101.37
  • Average Sales Price: $369,472.00
  • Average Sales Price Per Square Foot: $99.43
  • Average Sales Price to List Price Ratio: 98.19%
  • Average Cumulative Days on Market: 111
  • Months Supply of Homes: 6.95
  • Odds of Selling in 90 Days: 20.88%

$400,000 to $500,000

  • Average Number of Bedrooms: 4
  • Average Number of Full Bathrooms: 3
  • Average Number of Half Bathrooms: 1
  • Average Number of Garage Spaces: 3
  • Median Year Built: 2009
  • Average Square Footage (heated space): 3,874
  • Average Acreage: 1.47
  • Average List Price: $452,992.00
  • Average List Price Per Square Foot: $116.93
  • Average Sales Price: $432,742.00
  • Average Sales Price Per Square Foot: $111.70
  • Average Sales Price to List Price Ratio: 95.59%
  • Average Cumulative Days on Market: 155
  • Months Supply of Homes: 8.25
  • Odds of Selling in 90 Days: 16.90%

Above $500,000

  • Average Number of Bedrooms: 5
  • Average Number of Full Bathrooms: 3
  • Average Number of Half Bathrooms: 2
  • Average Number of Garage Spaces: 3
  • Median Year Built: 2009
  • Average Square Footage (heated space): 5,526/li>
  • Average Acreage: 0.49
  • Average List Price: $616,250.00
  • Average List Price Per Square Foot: $111.52
  • Average Sales Price: $581,875.00
  • Average Sales Price Per Square Foot: $105.30
  • Average Sales Price to List Price Ratio: 94.43%
  • Average Cumulative Days on Market: 330
  • Months Supply of Homes: 16.50
  • Odds of Selling in 90 Days: 11.76%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from April 25, 2017 to July 25, 2017.

Area covered includes single-family houses located in Broken Arrow Public School District (with a Broken Arrow or a Tulsa address) as well as single-family houses with a Broken Arrow address (which includes homes in Broken Arrow, Union, and Bixby Public School Districts.)

For current market statistics for your specific subdivision or neighborhood, please contact Debbie Solano at 918-724-8201.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

Click here to download the latest graph showing the change in the 3-month absorption rate for Broken Arrow.

Get Shortlink: http://www.tulsarealestateweb.com/?p=4445
________________________________________________________________________
Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.

Copyright © 2017 by Deborah M. Solano — ALL RIGHTS RESERVED — TulsaRealEstateWeb.com — Broken Arrow Real Estate Market Statistics: July 2017