Broken Arrow Real Estate Market Statistics: May 2016

By Debbie Solano On May 30, 2016 · Add Comment

Broken Arrow Real Estate Sales Statistics for Homes Sold by Price Point

(for the three-month period from February 25, 2016 to May 25, 2016)

What are the chances of selling my house in Broken Arrow? Wait a minute! Why are real estate market statistics for Broken Arrow showing up on a website for Midtown Tulsa Real Estate? The simple answer is that I don’t have any better place to publish these real estate statistics for Broken Arrow. TulsaRealEstateWeb.com is in the process of being revamped

My farm and ranch websites (OKLandAndRanches.com and OklahomaHorseProperties.com) don’t really seem appropriate either.

Besides, you may decide that you can find a bigger house for less money in Broken Arrow. The market is moving just as fast in Broken Arrow as it is in Tulsa. There is tight inventory in both markets. In both markets the sellers have an advantage at the lower price points, while the buyers have the advantage at the higher price points.

Remember, a balanced market is one with a six-month supply of homes.

Take a look at the statistics for the Broken Arrow real estate market below and compare them with the real estate market in midtown Tulsa. These statistics will show you how fast homes are selling in Broken Arrow.

Overall Average for Houses in Broken Arrow

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1999
Average Square Footage (heated space): 2,046
Average Acreage: 0.38
Average List Price: $188,409.00
Average List Price Per Square Foot: $92.09
Average Sales Price: $183,373.00
Average Sales Price Per Square Foot: $89.63
Average Sales Price to List Price Ratio: 98.63%
Average Cumulative Days on Market: 63
Months Supply of Homes: 2.86
Odds of Selling in 90 Days: 32.50%

Up to $100,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1977
Average Square Footage (heated space): 1,430
Average Acreage: 0.28
Average List Price: $86,043.00
Average List Price Per Square Foot: $60.17
Average Sales Price: $82,956.00
Average Sales Price Per Square Foot: $58.01
Average Sales Price to List Price Ratio: 97.01%
Average Cumulative Days on Market: 38
Months Supply of Homes: 1.27
Odds of Selling in 90 Days: 53.15%

$100,000 to $150,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 1982
Average Square Footage (heated space): 1,561
Average Acreage: 0.26
Average List Price: $130,373.00
Average List Price Per Square Foot: $83.52
Average Sales Price: $128,689.00
Average Sales Price Per Square Foot: $82.44
Average Sales Price to List Price Ratio: 98.92%
Average Cumulative Days on Market: 49
Months Supply of Homes: 1.09
Odds of Selling in 90 Days: 43.47%

$150,000 to $200,000

Average Number of Bedrooms: 3
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 2002
Average Square Footage (heated space): 2,005
Average Acreage: 0.36
Average List Price: $172,200.00
Average List Price Per Square Foot: $85.89
Average Sales Price: $170,097.00
Average Sales Price Per Square Foot: $84.84
Average Sales Price to List Price Ratio: 98.93%
Average Cumulative Days on Market: 54
Months Supply of Homes: 1.52
Odds of Selling in 90 Days: 41.14%

$200,000 to $250,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 2
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 2
Median Year Built: 2006
Average Square Footage (heated space): 2,388
Average Acreage: 0.37
Average List Price: $225,943.00
Average List Price Per Square Foot: $94.62
Average Sales Price: $223,285.00
Average Sales Price Per Square Foot: $93.50
Average Sales Price to List Price Ratio: 98.91%
Average Cumulative Days on Market: 79
Months Supply of Homes: 3.77
Odds of Selling in 90 Days: 29.21%

$250,000 to $300,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2006
Average Square Footage (heated space): 2,907
Average Acreage: 0.31
Average List Price: $281,091.00
Average List Price Per Square Foot: $96.69
Average Sales Price: $275,953.00
Average Sales Price Per Square Foot: $94.93
Average Sales Price to List Price Ratio: 98.19%
Average Cumulative Days on Market: 102
Months Supply of Homes: 8.76
Odds of Selling in 90 Days: 15.81%

$300,000 to $350,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 0
Average Number of Garage Spaces: 3
Median Year Built: 2011
Average Square Footage (heated space): 3,267
Average Acreage: .42
Average List Price: $333,478.00
Average List Price Per Square Foot: $102.07
Average Sales Price: $325,244.00
Average Sales Price Per Square Foot: $99.55
Average Sales Price to List Price Ratio: 97.71%
Average Cumulative Days on Market: 90
Months Supply of Homes: 8.09
Odds of Selling in 90 Days: 17.83%

$350,000 to $400,000

Average Number of Bedrooms: 4
Average Number of Full Bathrooms: 3
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2012
Average Square Footage (heated space): 3,634
Average Acreage: 0.35
Average List Price: $381,792.00
Average List Price Per Square Foot: $105.06
Average Sales Price: $372,052.00
Average Sales Price Per Square Foot: $102.38
Average Sales Price to List Price Ratio: 97.54%
Average Cumulative Days on Market: 137
Months Supply of Homes: 7.62
Odds of Selling in 90 Days: 17.57%

$400,000 to $500,000

Average Number of Bedrooms: 5
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2011
Average Square Footage (heated space): 4,215
Average Acreage: 0.38
Average List Price: $450,608
Average List Price Per Square Foot: $106.91
Average Sales Price: $443,517
Average Sales Price Per Square Foot: $105.22
Average Sales Price to List Price Ratio: 98.40%
Average Cumulative Days on Market: 131
Months Supply of Homes: 7.25
Odds of Selling in 90 Days: 19.05%

Above $500,000

Average Number of Bedrooms: 5
Average Number of Full Bathrooms: 4
Average Number of Half Bathrooms: 1
Average Number of Garage Spaces: 3
Median Year Built: 2009
Average Square Footage (heated space): 4,645
Average Acreage: 5.47
Average List Price: $697,467.00
Average List Price Per Square Foot: $150.15
Average Sales Price: $662,333.00
Average Sales Price Per Square Foot: $142.59
Average Sales Price to List Price Ratio: 96.85%
Average Cumulative Days on Market: 120
Months Supply of Homes: 21.50
Odds of Selling in 90 Days: 8.96%

Statistics compiled by Debbie Solano, ALC, CRS, from data provided by NORES and the Greater Tulsa Association of REALTORS® for the period from February 25, 2016 through May 25, 2016.

Area covered includes single-family houses located in Broken Arrow Public School District (with a Broken Arrow or a Tulsa address) as well as single-family houses with a Broken Arrow address (which includes homes in Broken Arrow, Union, and Bixby Public School Districts.)

For current market statistics for your specific subdivision or neighborhood, please contact Debbie Solano at 918-724-8201.

Information is deemed reliable, but not guaranteed. Does not reflect all market activity.

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________________________________________________________________________
Debbie Solano is an Accredited Land Consultant and Certified Residential Specialist with a Broker-Associate license which hangs at the Midtown Tulsa office of Coldwell Banker Select REALTORS®. She would enjoy your feedback or questions. She can be reached at 918-724-8201 or dsolano@cbTulsa.com.

Call Debbie Solano at 918-724-8201 to list and sell your midtown Tulsa home