Is Tulsa, OK 74116 a buyer’s or seller’s market?
Tulsa is a seller’s market. With about 1.3 months of supply and 0% 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.
The Tulsa housing market right now
In the three months ending August 31, 2026, 0% of homes in Tulsa, OK 74116 sold above their list price, the typical home went under contract in 8 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (268 days then) and the median sale price rose 69% to $284,877. Overall, Tulsa is more competitive than a year ago, so tougher for buyers.
Within Tulsa County, homes here sell faster than in 97% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Glenpool 74033 (35% sold over asking) and Tulsa 74129 (34% sold over asking) are even more competitive.
Run the numbers for 74116
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 Tulsa nearby
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Questions about Tulsa real estate
Is Tulsa a buyer’s or seller’s market?
A seller’s market: there were 1.3 months of supply in Tulsa, OK 74116 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 Tulsa?
The typical home went under contract in 8 days in the latest three months.
Do homes in Tulsa sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.
What are property taxes in Tulsa?
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 Tulsa?
The median sale price was $284,877 in the three months ending August 31, 2026, about $173 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