Is Owasso, OK 74055 a buyer’s or seller’s market?
Owasso is a seller’s market. With about 2.7 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 64% of U.S. ZIP codes, and #18 of 172 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Owasso housing market right now
In the three months ending August 31, 2026, 25% of homes in Owasso, OK 74055 sold above their list price, the typical home went under contract in 26 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 242 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 17%, homes sold faster (28 days then) and the median sale price rose 3% to $341,852. Overall, Owasso is more competitive than a year ago, so tougher for buyers.
Within Tulsa County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell more often over asking than in 68%. On our competition score, Owasso ranks #18 of 172 OK ZIP codes with enough sales (score 61 out of 100).
Nearby, buyers who want less competition could look at Tulsa 74117 (0% sold over asking) or Tulsa 74116 (0% sold over asking), while Glenpool 74033 (35% sold over asking) and Tulsa 74129 (34% sold over asking) are even more competitive.
Run the numbers for 74055
Nearby markets
Bixby 74008Seller’s market $172 /sq ftBroken Arrow 74011Seller’s market $162 /sq ftBroken Arrow 74012Seller’s market $154 /sq ftCollinsville 74021Seller’s market $172 /sq ft Browse all markets →Towns like Owasso nearby
Find towns like Owasso in other states →Where Owasso is
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Questions about Owasso real estate
Is Owasso a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Owasso, OK 74055 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Owasso?
The typical home went under contract in 26 days in the latest three months.
Do homes in Owasso sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.
What are property taxes in Owasso?
About 0.97% of a home’s value a year in Tulsa County, or roughly $3,880 on a $400,000 home.
What is the median home price in Owasso?
The median sale price was $341,852 in the three months ending August 31, 2026, about $172 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology