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Owasso Absorption Rate vs Time Graph showing change in the rolling three-month absorption rate by price point for Owasso School District and City of Owasso Zip Code 74055 -- September 25, 2017

Owasso Real Estate Market Statistics: September 2017

Owasso Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from June 28, 2017 to September 28, 2017)

What are the chances of selling my house in Owasso?

You may discover that you can find a bigger house for less money in Owasso.

The market is moving faster in Owasso than it is in Tulsa. There is tight inventory in both markets. However, in Owasso, sellers have an advantage at almost all price points, while the buyers have the advantage at only the highest price points.

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

Take a look at the statistics for the Owasso 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 Owasso.

Here is a graph of the rolling three-month absorption rate for Owasso, showing a horizontal line because it only shows data for one 3-month period. Next month there will be another point on the graph, providing a line which indicates change, thereby showing how the 90-day absorption rate in Owasso has been changing from month to month at each price point. It will then indicated whether the market is speeding up (i.e., moving toward a sellers’ market) or slowing down (i.e., moving toward a buyers’ market).

This graph shows how fast homes are selling in Owasso.

By comparing the change in the absorption rate, home buyers and sellers can see how the market velocity is changing from month to month.

Owasso Absorption Rate vs Time Graph September 2017

Owasso Real Estate Market Statistics by Price Point as of September 28, 2017

Overall Average for Houses in Owasso

  • Average Number of Bedrooms: 3
  • Average Number of Full Bathrooms: 2
  • Average Number of Half Bathrooms: 0
  • Average Number of Garage Spaces: 3
  • Median Year Built: 2004
  • Average Square Footage (heated space): 2,196
  • Average Acreage: 0.55
  • Average List Price: $237,827
  • Average List Price Per Square Foot: $108.30
  • Average Sales Price: $234.484
  • Average Sales Price Per Square Foot: $106.78
  • Average Sales Price to List Price Ratio: 98.50%
  • Average Cumulative Days on Market: 72
  • Months Supply of Homes: 2.51
  • Odds of Selling in 90 Days: 36.35%

Up to $100,000 Houses in Owasso

  • 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: 1960
  • Average Square Footage (heated space): 1,414
  • Average Acreage: 0.67
  • Average List Price: $92,463.00
  • Average List Price Per Square Foot: $65.39
  • Average Sales Price: $79,842.00
  • Average Sales Price Per Square Foot: $56.47
  • Average Sales Price to List Price Ratio: 85.95%
  • Average Cumulative Days on Market: 66
  • Months Supply of Homes: 1.50
  • Odds of Selling in 90 Days: 40.00%

$100,000 to $150,000 Houses in Owasso

  • 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: 1985
  • Average Square Footage (heated space): 1,396
  • Average Acreage: 0.23
  • Average List Price: $131,203.00
  • Average List Price Per Square Foot: $93.98
  • Average Sales Price: $129,767.00
  • Average Sales Price Per Square Foot: $92.96
  • Average Sales Price to List Price Ratio: 99.06%
  • Average Cumulative Days on Market: 27
  • Months Supply of Homes: 1.13
  • Odds of Selling in 90 Days: 48.98%

$150,000 to $200,000 Houses in Owasso

  • 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: 2002
  • Average Square Footage (heated space): 1,807
  • Average Acreage: 0.30
  • Average List Price: $174,129.00
  • Average List Price Per Square Foot: $96.36
  • Average Sales Price: $171,682.00
  • Average Sales Price Per Square Foot: $95.01
  • Average Sales Price to List Price Ratio: 98.63%
  • Average Cumulative Days on Market: 45
  • Months Supply of Homes: 1.91
  • Odds of Selling in 90 Days: 45.19%

$200,000 to $250,000 Houses in Owasso

  • Average Number of Bedrooms: 4
  • Average Number of Full Bathrooms: 2
  • Average Number of Half Bathrooms: 0
  • Average Number of Garage Spaces: 3
  • Median Year Built: 2004
  • Average Square Footage (heated space): 2,320
  • Average Acreage: 0.57
  • Average List Price: $230,408.00
  • Average List Price Per Square Foot: $99.31
  • Average Sales Price: $226,564.00
  • Average Sales Price Per Square Foot: $97.66
  • Average Sales Price to List Price Ratio: 98.39%
  • Average Cumulative Days on Market: 71
  • Months Supply of Homes: 3.24
  • Odds of Selling in 90 Days: 29.01%

$250,000 to $300,000 Houses in Owasso

  • Average Number of Bedrooms: 4
  • Average Number of Full Bathrooms: 2
  • Average Number of Half Bathrooms: 0
  • Average Number of Garage Spaces: 3
  • Median Year Built: 2011
  • Average Square Footage (heated space): 2,590
  • Average Acreage: 0.77
  • Average List Price: $283,279.00
  • Average List Price Per Square Foot: $109.37
  • Average Sales Price: $279,643.00
  • Average Sales Price Per Square Foot: $107.97
  • Average Sales Price to List Price Ratio: 98.70%
  • Average Cumulative Days on Market: 96
  • Months Supply of Homes: 4.14
  • Odds of Selling in 90 Days: 28.16%

$300,000 to $350,000 Houses in Owasso

  • 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: 2008
  • Average Square Footage (heated space): 2,945
  • Average Acreage: 0.94
  • Average List Price: $330,215
  • Average List Price Per Square Foot: $112.13
  • Average Sales Price: $326,772
  • Average Sales Price Per Square Foot: $110.96
  • Average Sales Price to List Price Ratio: 99.04%
  • Average Cumulative Days on Market: 141
  • Months Supply of Homes: 2.63
  • Odds of Selling in 90 Days: 38.10%

$350,000 to $400,000 Houses in Owasso

  • 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: 2015
  • Average Square Footage (heated space): 3,124
  • Average Acreage: 1.07
  • Average List Price: $377,853.00
  • Average List Price Per Square Foot: $120.95
  • Average Sales Price: $376.129.00
  • Average Sales Price Per Square Foot: $120.40
  • Average Sales Price to List Price Ratio: 99.62%
  • Average Cumulative Days on Market: 102
  • Months Supply of Homes: 2.32
  • Odds of Selling in 90 Days: 42.31%

$400,000 to $500,000 Houses in Owasso

  • 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): 3,746
  • Average Acreage: 1.05
  • Average List Price: $445,347.00
  • Average List Price Per Square Foot: $118.89
  • Average Sales Price: $437,458
  • Average Sales Price Per Square Foot: $116.78
  • Average Sales Price to List Price Ratio: 98.39%
  • Average Cumulative Days on Market: 163
  • Months Supply of Homes: 2.81
  • Odds of Selling in 90 Days: 28.57%

Above $500,000 Houses in Owasso

  • Average Number of Bedrooms: 4
  • Average Number of Full Bathrooms: 4
  • Average Number of Half Bathrooms: 1
  • Average Number of Garage Spaces: 3
  • Median Year Built: 2015
  • Average Square Footage (heated space): 4,296
  • Average Acreage: 0.88
  • Average List Price: $646,363.00
  • Average List Price Per Square Foot: $150.46
  • Average Sales Price: $631,125
  • Average Sales Price Per Square Foot: $146.91
  • Average Sales Price to List Price Ratio: 97.94%
  • Average Cumulative Days on Market: 202
  • Months Supply of Homes: 7.88
  • Odds of Selling in 90 Days: 16.33%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from June 28, 2017 to September 28, 2017.

Area covered includes single-family houses located in Owasso Public School District (with an Owasso address, or a Collinsville address, or a Claremore address, or a Catoosa address) as well as single-family houses with an Owasso address in the 74055 zip code.

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 Owasso.

Get Shortlink: http://www.tulsarealestateweb.com/?p=4841
________________________________________________________________________
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 — Owasso Real Estate Market Statistics: September 2017