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Midtown Tulsa Absorption Rate Graph August 2016

Midtown Tulsa Real Estate Market Statistics: August 2016

Here are the market statistics for the three-month period from May 25, 2016 to August 25, 2016.

Compare these statistics with previous months’ statistics and see the trends for yourself.

Midtown Tulsa Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from May 25, 2016 to August 25, 2016)

Here are the latest market statistics for Midtown Tulsa.

Overall Average

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1948
Average Square Footage (heated space): 1,950
Average Acreage: 0.25
Average List Price: $277,351.00
Average List Price Per Square Foot: $142.23
Average Sales Price: $268,491.00
Average Sales Price Per Square Foot: $137.69
Average Sales Price to List Price Ratio: 100.13%
Average Cumulative Days on Market: 51
Months Supply of Homes: 2.69
Odds of Selling in 90 Days: 36.16%

Up to $100,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1943
Average Square Footage (heated space): 1,125
Average Acreage: 0.18
Average List Price: $72,431.00
Average List Price Per Square Foot: $64.38
Average Sales Price: $69,837.00
Average Sales Price Per Square Foot: $62.08
Average Sales Price to List Price Ratio: 98.81%
Average Cumulative Days on Market: 50
Months Supply of Homes: 1.76
Odds of Selling in 90 Days: 41.43%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 1
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1950
Average Square Footage (heated space): 1,351
Average Acreage: 0.20
Average List Price: $128,213.00
Average List Price Per Square Foot: $94.90
Average Sales Price: $126,796.00
Average Sales Price Per Square Foot: $93.85
Average Sales Price to List Price Ratio: 106.95%
Average Cumulative Days on Market: 44
Months Supply of Homes: 1.82
Odds of Selling in 90 Days: 42.13%

$150,000 to $250,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 1
Median Year Built: 1940
Average Square Footage (heated space): 1,682
Average Acreage: 0.20
Average List Price: $192,394.00
Average List Price Per Square Foot: $114.38
Average Sales Price: $187,645.00
Average Sales Price Per Square Foot: $111.56
Average Sales Price to List Price Ratio: 97.63%
Average Cumulative Days on Market: 39
Months Supply of Homes: 1.73
Odds of Selling in 90 Days: 40.61%

$250,000 to $350,000

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: 1945
Average Square Footage (heated space): 2,105
Average Acreage: 0.27
Average List Price: $316,117.00
Average List Price Per Square Foot: $150.17
Average Sales Price: $303,923.00
Average Sales Price Per Square Foot: $144.38
Average Sales Price to List Price Ratio: 96.42%
Average Cumulative Days on Market: 34
Months Supply of Homes: 2.78
Odds of Selling in 90 Days: 39.22%

$350,000 to $450,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1944
Average Square Footage (heated space): 2,760
Average Acreage: 0.31
Average List Price: $409,577.00
Average List Price Per Square Foot: $148.40
Average Sales Price: $394,975.00
Average Sales Price Per Square Foot: $143.11
Average Sales Price to List Price Ratio: 96.48%
Average Cumulative Days on Market: 70
Months Supply of Homes: 4.50
Odds of Selling in 90 Days: 29.55%

$450,000 to $600,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 2
Median Year Built: 1955
Average Square Footage (heated space): 3,332
Average Acreage: .34
Average List Price: $539,517.00
Average List Price Per Square Foot: $161.92
Average Sales Price: $518,014
Average Sales Price Per Square Foot: $155.47
Average Sales Price to List Price Ratio: 96.31%
Average Cumulative Days on Market: 111
Months Supply of Homes: 2.90
Odds of Selling in 90 Days: 37.97%

$600,000 to $800,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 2
Average Number of Garage Spaces: 2
Median Year Built: 1967
Average Square Footage (heated space): 3,722
Average Acreage: 0.41
Average List Price: $710,041.00
Average List Price Per Square Foot: $190.77
Average Sales Price: $683,368.00
Average Sales Price Per Square Foot: $183.60
Average Sales Price to List Price Ratio: 96.30%
Average Cumulative Days on Market: 51
Months Supply of Homes: 5.73
Odds of Selling in 90 Days: 24.18%

$800,000 to $1,200,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 2
Average Number of Garage Spaces: 2
Median Year Built: 1939
Average Square Footage (heated space): 5,315
Average Acreage: 0.52
Average List Price: $1,033,414
Average List Price Per Square Foot: $194.43
Average Sales Price: $981,000
Average Sales Price Per Square Foot: $184.57
Average Sales Price to List Price Ratio: 94.88%
Average Cumulative Days on Market: 62
Months Supply of Homes: 14.14
Odds of Selling in 90 Days: 11.86%

Above $1,200,000

Average Number of Bedrooms: 5
Average Number of Full Bathrooms: 5
Average Number of Half Bathrooms: 2
Average Number of Garage Spaces: 3
Median Year Built: 1945
Average Square Footage (heated space): 6,630
Average Acreage: 1.12
Average List Price: $2,072,500.00
Average List Price Per Square Foot: $312.59
Average Sales Price: $2,016,250.00
Average Sales Price Per Square Foot: $304.11
Average Sales Price to List Price Ratio: 96.38%
Average Cumulative Days on Market: 35
Months Supply of Homes: 9.75
Odds of Selling in 90 Days: 14.81%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from May 25, 2016 through August 25, 2016.

Area covered includes single-family houses located between I-244 and I-44 from River Parks to Sheridan.

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

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________________________________________________________________________
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 © 2016 by Deborah M. Solano — ALL RIGHTS RESERVED — Tulsa Real Estate Web — Midtown Tulsa Real Estate Market Statistics: August 2016