Is Tulsa, OK 74131 a buyer’s or seller’s market?
Tulsa is a seller’s market. With about 1.4 months of supply and 11% 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, 11% of homes in Tulsa, OK 74131 sold above their list price, the typical home went under contract in 13 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 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 25%, homes sold faster (35 days then) and the median sale price fell 20% to $350,848. Overall, Tulsa is less competitive than a year ago, which gives buyers more room.
Within Creek County, homes here sell faster than in 89% of the county’s ZIP codes, and sell less often over asking than in 78%.
Nearby, buyers who want less competition could look at Jennings 74038 (0% sold over asking) or Mannford 74044 (8% sold over asking), while Depew 74028 (100% sold over asking) and Kellyville 74039 (46% sold over asking) are even more competitive.
Run the numbers for 74131
Nearby markets
Bristow 74010Balanced $146 /sq ftDepew 74028 $153 /sq ftDrumright 74030Seller’s market $104 /sq ftJennings 74038Buyer’s market $138 /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 1.4 months of supply in Tulsa, OK 74131 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 13 days in the latest three months.
Do homes in Tulsa sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.
What are property taxes in Tulsa?
About 0.71% of a home’s value a year in Creek County, or roughly $2,840 on a $400,000 home.
What is the median home price in Tulsa?
The median sale price was $350,848 in the three months ending August 31, 2026, about $167 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