Tulsa

OKTulsa Metropolitan Area

Real Estate Market Analysis

Q3 2025 Report
$242,223 (June 2025)
Median Home Price
~413,000 (city); ~1 million (metro area)
Population
~$60,000 (metro area estimate)
Median Income
Tulsa Public Schools: Average to above-average; some high-performing suburban districts
School District Rating

Market Overview

Property Values

$242,223 (June 2025)
Median Home Price
$142 (June 2025)
Price per Sq Ft
Up 4.3% from June 2024
YoY Change

Market Performance

Days on Market44 days (January 2025), trending longer than previous year[1][2]
Market TypeModerately competitive, with more negotiation room for buyers and longer days on market[2]
Months of SupplyNot explicitly stated, but inventory is up 1.8% MoM with 1,940 homes for sale in June 2025[4]

Sales Activity

Sales Volume368 homes sold in June 2025[4]; 291 homes sold in January 2025[1]
Metro AreaTulsa Metropolitan Area
Population~413,000 (city); ~1 million (metro area)

Economic Indicators

Employment & Growth

Unemployment RateNot specified for 2025; historically around 3.5%-4%
Job Growth RateNot specified for 2025; Tulsa has seen steady job growth in healthcare, energy, and aerospace
Median Household Income~$60,000 (metro area estimate)

Major Employers

  • American Airlines
  • Saint Francis Health System
  • ONEOK
  • Williams Companies
  • QuikTrip

Demographics

~413,000 (city); ~1 million (metro area)
Population
36.5 years (metro estimate)
Median Age
Stable to modest growth; city population up slightly year-over-year
Population Growth
~30% bachelor's degree or higher (metro)
Education Level

Family Composition

Mix of families, singles, and retirees; strong presence of young professionals and families

Key Industries

AerospaceEnergy/Oil & GasHealthcareManufacturingLogistics

Education

School District

Tulsa Public Schools: Average to above-average; some high-performing suburban districts
District Rating

Top Schools

  • Booker T. Washington High School
  • Jenks High School
  • Union High School

Higher Education

  • University of Tulsa
  • Tulsa Community College
  • Oral Roberts University

Infrastructure & Development

Major Projects

  • Downtown Tulsa revitalization
  • Tulsa Innovation Labs tech corridor

Transportation

  • Ongoing highway and arterial road upgrades
  • Public transit expansion initiatives

Planned Developments

  • Mixed-use developments in downtown and midtown
  • New multifamily and retail projects

Lifestyle & Amenities

Recreation

  • River Parks Trail System
  • Gathering Place Park
  • Golf courses

Dining & Entertainment

  • Downtown Arts District
  • Cherry Street restaurants
  • BOK Center events

Cultural Attractions

  • Philbrook Museum of Art
  • Tulsa Performing Arts Center
  • Woody Guthrie Center

Investment Analysis

Investment Opportunities

  • Strong multifamily demand with net absorption projected to rise 45% in 2025[3]
  • Limited new construction creates potential for rent growth and occupancy gains[3]
  • Single-family homes remain affordable compared to national averages

Growth Outlook

Positive for multifamily and rental; moderate appreciation for single-family homes[3][4]

Market Risks

  • Slower sales volume and longer days on market[2]
  • Potential for overpricing leading to price reductions[2]
  • Economic sensitivity to energy sector volatility

Rental Market

Robust demand, projected rent growth of 3% by end of 2025, occupancy rates stabilizing[3]

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Young families
  • Investors seeking rental properties

Marketing Channels

  • Online listings (Zillow, Realtor.com)
  • Social media advertising
  • Local real estate events

Pricing Strategies

Price at or slightly below recent comps to attract buyers and avoid price reductions[2]

Common Objections & Response Strategies

Objection: Homes are taking longer to sell.

Response Strategy:

Emphasize increased negotiation room for buyers and the importance of proper pricing for sellers[2].

Objection: Worried about price reductions.

Response Strategy:

Advise pricing competitively from the start and highlight current market data to set realistic expectations[2].

Professional Recommendations

1

Advise sellers to price competitively from the outset to avoid extended days on market and price reductions[2]

2

Highlight Tulsa's affordability and lifestyle amenities in marketing materials

3

Target both local and out-of-state buyers, especially investors and first-time buyers

4

Stay updated on multifamily trends and rental market dynamics for investor clients[3]

5

Leverage digital marketing and professional staging to maximize listing exposure

Competitive Analysis

Comparable Markets

  • Oklahoma City, OK
  • Kansas City, MO
  • Little Rock, AR

Market Positioning

Affordable, stable, and attractive for both owner-occupants and investors

Competitive Advantages

  • Lower median home prices than national average
  • Strong rental demand and stable economy

Price Comparison

Tulsa's median home price ($242,223) is lower than the national average and slightly below Oklahoma City

Investment Metrics

5.5%–6.5% for multifamily (2025 estimate)[3]
Cap Rates
6%–7% gross yield typical for single-family rentals
Rental Yields
~13–15 (favorable for investors)
Price-to-Rent
Strong for well-located multifamily and single-family rentals
Cash Flow
3%–4% annual appreciation expected through 2025[3][4]
Appreciation

Buyer Journey Insights

First-Time Buyers

Benefit from affordability, moderate competition, and negotiation leverage; should act quickly on well-priced homes.

Move-Up Buyers

Can leverage equity gains from previous homes; more options available due to increased inventory.

Downsizers

Opportunities in both single-family and multifamily; focus on low-maintenance properties.

Investors

Strong rental demand, favorable cap rates, and limited new supply make Tulsa attractive for buy-and-hold strategies[3].

Relocators

Appealing due to cost of living, job opportunities, and lifestyle amenities.

This city analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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