Tulsa Farms and Ranches — Houses on 20 or More Acres — Housing Market Analysis

Here is a look at the housing market as of January 25, 2021 for farms and ranches, or homes for sale (single-family houses for sale) on 20 or more acres within a 60-mile radius of Tulsa, Oklahoma, (within commuting distance of Tulsa, OK).

At every price point it is a sellers’ market for hobby farms within commuting distance of Tulsa, Oklahoma. However, at the price point above $600,000 the market is only slightly in favor of sellers, since a six-month supply of homes is considered a balanced market for existing single-family homes.

Farms and Ranches 20 Acres Plus Real Estate Market 2021-01-25

The following graph shows the change in the 3-month absorption rate over the past twelve months for farms and ranches, single-family homes (i.e., houses) on 20 plus acres within a 60-mile radius of Tulsa, Oklahoma, (within commuting distance of Tulsa, OK).

Absorption Rate vs Time Graph 20 Plus Acres January 2021

This article is a real estate market analysis for farms and ranches, single-family homes on 20 acres or more, within commuting distance of Tulsa for the period from October 25, 2020 through January 25, 2021. It is an analysis of trends and shifts in the real estate market for Tulsa farms and ranches since the previous month (December 2020).

Each month on the 25th I pull CMAs and then plug the data into a spreadsheet so that I can look at the real estate market at various price points and see how it is doing by comparison to the previous month. I then have my husband graph the change in the 3-month absorption rate.

I look at the market within a 60-mile radius of the “X” created by the intersection of I-44 and the Broken Arrow Expressway. I then divide the market into 5 price point segments.

When it comes to farms and ranches (homes on 20 or more acres) within commuting distance of Tulsa (an hour out, or a 60-mile radius around Tulsa), this is what I discovered.

Farms and Ranches at All Price Points

In the entire market there are 41 active listings and 41 pending listings, giving us a “hotness index” of 100.00%.

With 79 listings sold in the last three months, there is a sales velocity of 26.3 homes sold per months. The resulting 3-month absorption rate for all price points is 1.56 months. That is a 6-week supply of farms and ranches for sale within commuting distance of Tulsa.

With 201 total houses in the market (active, pending, closed, expired, released and withdrawn listings), the odds of selling a house on 20 or more acres within commuting distance of Tulsa within the next 90 days is 39.30%.

Farms and Ranches Priced Up to $200,000

In the price point under $200,000 there are 2 active listings and 2 pending listings, giving us a “hotness index” of 100.00%.

With 5 listings sold in the last three months, there is a sales velocity of 1.7 homes sold per month. The resulting 3-month absorption rate for the price point under $200,000 is 1.20 months. That is a 5-week supply of farms and ranches for sale within commuting distance of Tulsa that are priced under $200,000.

With 11 total houses in the market (active, pending, closed, expired, released and withdrawn listings) in the price point below $200,000, the odds of selling a house on 20 acres or more within an hour of Tulsa within the next 90 days is 45.45%.

Farms and Ranches Priced from $200,000 to $300,000

In the price point ranging between $200,000 and $300,000 there is 1 active listing and 11 pending listings, giving us a “hotness index” of 1100.00%.

With 13 listings sold in the last three months, there is a sales velocity of 4.3 homes sold per month. The resulting 3-month absorption rate for the price point ranging between $200,000 and $300,000 is 0.23 months. That is a one-week supply of farms and ranches for sale within commuting distance of Tulsa.

With 27 total houses in the market (active, pending, closed, expired, released and withdrawn listings) in the price point ranging between $200,000 and $300,000, the odds of selling a house on 20 acres or more within commuting distance of Tulsa within the next 90 days is 48.15%.

Farms and Ranches Priced from $300,000 to $400,000

In the price point ranging between $300,000 and $400,000 there are 5 active listings and 9 pending listings, giving us a “hotness index” of 180.00%.

With 22 listings sold in the last three months, there is a sales velocity of 7.3 homes sold per month. The resulting 3-month absorption rate for the price point ranging between $300,000 and $400,000 is 0.68 month. That is a 3-week supply of farms and ranches for sale within commuting distance of Tulsa.

With 40 total houses in the market (active, pending, closed, expired, released and withdrawn listings) in the price point ranging between $300,000 and $400,000, the odds of selling a house on 20 acres or more within commuting distance of Tulsa within the next 90 days is 55.00%.

Farms and Ranches Priced from $400,000 to $600,000

In the price point ranging between $400,000 and $500,000 there are 9 active listings and 16 pending listings, giving us a “hotness index” of 111.11%.

With 28 listings sold in the last three months, there is a sales velocity of 9.3 homes sold per month. The resulting 3-month absorption rate for the price point ranging between $400,000 and $500,000 is 0.96 months. That is a bit less than a month’s supply of farms and ranches for sale within commuting distance of Tulsa.

With 57 total houses in the market (active, pending, closed, expired, released and withdrawn listings) in the price point ranging between $400,000 and $500,000, the odds of selling a house 20 or more acres within commuting distance of Tulsa within the next 90 days is 49.12%.

Farms and Ranches Priced from $600,00 and Above

In the price point above $600,000 there are 24 active listings and 9 pending listings, giving us a “hotness index” of 37.50%.

With 14 listings sold in the last three months, there is a sales velocity of 4.7 homes sold per month. The resulting 3-month absorption rate for the price point above $600,000 is 5.14 months. That is just over a 5-month supply of farms and ranches for sale within commuting distance of Tulsa.

With 70 total houses in the market (active, pending, closed, expired, released and withdrawn listings) in the price point above $600,000, the odds of selling a house 20 or more acres within commuting distance of Tulsa within the next 90 days is 20.00%.
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Debbie Durkee can send you the raw data that went into the above market analysis. The data comes from what we call a comparative analysis.

To search for farms and ranches or homes for sale (single-family houses on 20 or more acres for sale) within commuting distance of Tulsa, Oklahoma, go to Tulsa Farms and Ranches — Houses on 20 or More Acres within 60 miles of Tulsa

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Furthermore, if you are interested in selling your home and choose to list with Debbie, she will provide a detailed analysis of the market in your neighborhood or school district so that you can decided the best list price for your home, so it will sell.Please fill out the form below to get started.