Tulsa, it’s that time of year again! Let’s dive into the highlights of the 2024 real estate market, as reported by the Tulsa Multiple Listing Service (MLS). At The Wolek Group with Keller Williams Realty, we keep a close eye on market trends to help you achieve your real estate goals.

The Comeback Year: Real Estate Bounces Back

After a challenging 2023, when rising interest rates caused many potential buyers and sellers to hit pause, 2024 marked a strong recovery. Buyers and sellers returned to the market, fueling a noticeable uptick in activity. Whether you’re a first-time homebuyer or planning to sell your current property, Tulsa’s market recovery offers exciting opportunities.

Key 2024 Tulsa Real Estate Market Stats

• Closed Sales, Pending Sales, and New Listings: All saw increases compared to 2023, indicating renewed market confidence.

• Average Sales Price: Up 5%, bringing the average home price in Tulsa to $317,000.

• Sellers’ Success Rate: Sellers achieved 98.3% of their listing price, underscoring strong demand and effective pricing strategies.

• Days on Market: Averaged 37.95 days, providing buyers more time to decide while maintaining urgency in hot neighborhoods and price points.

What These Trends Mean for Buyers and Sellers

For Sellers: Pricing your home strategically is crucial. Homes priced competitively attracted buyers quickly, often selling with minimal negotiation. The key to success? Partnering with an experienced real estate agent who understands the Tulsa market.

For Buyers: While slightly longer market times offer a bit more breathing room, competitive areas still move fast. Working with a knowledgeable agent can help you stay ahead and secure your dream home.

Looking Ahead: Tulsa Real Estate Market in 2025

As we look toward 2025, the trends suggest that real estate activity will remain strong. Life changes—like growing families, job relocations, and downsizing—continue to drive buying and selling.

Are you planning a move this year? Now is the perfect time to:

• Review market data specific to your neighborhood.

• Discuss your budget and financing options.

• Develop a personalized strategy to achieve your real estate goals.

Start Your Tulsa Real Estate Journey Today

At The Wolek Group, we’re here to help you navigate the Tulsa real estate market with confidence. Whether you’re buying, selling, or investing, our team provides expert guidance every step of the way. Contact us today to schedule a consultation and make 2025 your year of real estate success.

Let’s make your real estate dreams a reality. Reach out to The Wolek Group now!