Reasons Why Property Prices Are Rising in Tulsa, Oklahoma in 2025

Even with the overall economic changes, the real estate market in Tulsa, Oklahoma appears to be heading toward greater growth, as it is driven by increasing demand and ongoing property developments in the city.

One of the main reasons is that at the beginning of 2025, Tulsa has only an average of half a home per resident, a scarce or very tight market, which means more people are competing for fewer homes. When there is a shortage of supply, prices generally go up.

One reason this is happening is that downtown Tulsa has been renewed, attracting new residents and businesses, causing supply to simply not meet demand.

A second reason for the price increase in Tulsa is that continuous growth has already been observed in recent months, and although in the last year it has only been 0.5%, this is an indication of where the market is heading. Demand is increasing, and that pushes prices up—home prices currently hover around $202,495, with a price per square foot of around $137.

These statistics show that people are willing to pay more per square foot, which generally means more growth is coming.

Another important reason to believe that housing prices in Tulsa, Oklahoma will continue to rise is that the most important real estate platforms in the country foresee a price increase—predictions that are based on real data and market patterns.

It is also worth noting that homes in Tulsa are 53% cheaper than the national average, making the city a bargain for many buyers and attracting investors looking for deals that could bring good returns in the short or medium term.

Another very notable reason for the rise in housing prices in Tulsa is that today, a local buyer could purchase a home in a very short time, since with an average household income of $56,821 and home prices around $202,495, a resident could acquire a property in just about 3.6 years.

That level of affordability attracts buyers, and more buyers mean more demand.

Finally, we find that prices in Tulsa have increased by 6.2% annually over the past ten years, a steady appreciation that shows the city’s market has potential and provides some confidence in the direction the real estate market is taking.

Available foreclosures:

Tulsa: 113 homes available

By Elías DaSilva | 27 de Mayo de 2025