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The Tulsa housing market continues to shift as we head into the fall season, and both buyers and sellers are wondering what this means for them. Whether you’re thinking about listing your home, buying your first property, or simply staying informed, here’s a breakdown of what’s happening in our local market right now.

Home Prices: Steady With Some Cooling

Home values across Tulsa County have shown steady growth year over year, though we’re beginning to see signs of cooling compared to the rapid price jumps of the last few years. According to the most recent MLS data, the average sales price in Tulsa County is hovering around **\$275,000**—up slightly from last year, but the month-to-month increases have slowed down.

For sellers, this means your property can still command a strong price, but buyers are no longer rushing to make same-day offers. Homes that are priced right and staged well are still moving quickly, while overpriced listings are sitting longer on the market.

Inventory: Slowly Rising

One of the biggest changes this year is the increase in housing inventory. We’re currently sitting at about 2.5 months of supply, compared to just 1.5 months a year ago. That’s still considered a “seller’s market,” but the added inventory is giving buyers more breathing room.

More choices mean buyers can take the time to view multiple homes before writing an offer. Sellers, on the other hand, may need to adjust expectations and put more effort into marketing to make their property stand out.

Interest Rates: The Wild Card

Mortgage rates remain the big question mark. As of this month, most buyers are seeing rates in the 6.5%–7% range for a conventional loan. That’s higher than what we’ve been used to, but many lenders are offering creative options like 2-1 buydowns or temporary rate reductions to help ease the monthly payment.

For buyers, it’s important to remember that you “marry the house, date the rate.” If you find a home you love, you can always refinance later if rates drop. Sellers should also keep this in mind—offering concessions toward closing costs or rate buydowns can make your home more appealing.

Local Hot Spots

Certain areas around Tulsa continue to be especially competitive. Midtown and South Tulsa are still popular for families who want established neighborhoods and access to Jenks and Union schools. Owasso and Broken Arrow remain strong growth markets, with plenty of new construction and move-in-ready options.

If you’re thinking about buying in these areas, be prepared to act quickly when a home matches your wishlist. For sellers, highlighting location perks like school districts, nearby parks, or new retail developments can help attract the right buyers.

What This Means for You

*If you’re a seller: Pricing is everything right now. A home priced correctly will still get strong offers, while overpricing can cause your listing to sit. Professional photos, staging, and good marketing are also key to standing out in a slightly more balanced market.

*If you’re a buyer: You finally have more options! While rates are higher, creative loan products and potential seller concessions can make homeownership more attainable than you might think.

Final Thoughts

The Tulsa market is evolving, but it’s still full of opportunities for both buyers and sellers. Whether you’re entering the market for the first time or making a move across town, the key is to have the right guidance.

At RE/MAX Results, our agents are here to help you navigate these changes with confidence. If you’d like a personalized update on your neighborhood or want to talk through your options, we’d love to connect.

👉 Contact us today to get started: (918) 254-0600