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Tulsa Home Values
The city's median value of homes remained exactly the same from last year.
The median value of all Tulsa-area homes didn't go up a single dollar over the last year, according to a new report by real estate data service Zillow.
But they also held their value, an amazing accomplishment when values for the entire nation went down 9.7 percent at the same time, said Katie Curnutte, a spokeswoman for Zillow.
"Tulsa's very healthy compared to the rest of the nation. There's just a handful of markets with a slow, steady appreciation now, mostly in the Midwest," she said.
The change of exactly zero percent over the last year was an anomaly, according to the report. Zillow estimated the metro area's annualized home value growth over the last 10 years was 4.6 percent.
Chuck Patterson, chairman and chief executive officer of Patterson Realtors, said the overall report concurs with what he's been seeing in the market.
"Across the market, Tulsa homes have held steady," he said.
However, in the short run, Tulsa's homes are taking a hit. Zillow's estimated value change from the second quarter to the third was down 1.7 percent, compared with a drop of 3.3 percent for the nation
as a whole during the same time.
Curnutte said the area's values may decline somewhat in the near future, though Tulsa would remain insulated from much of the housing downturn because it never experienced a housing bubble.
Zillow bases its reports on a number of market indicators, such as home sales and tax valuations.
The reports estimate the values for every home, unlike data provided by the Greater Tulsa Association of Realtors, which records actual sales data each month.
The association reported that the median sales price of a home was $127,000 in September, which was also unchanged from the $127,000 median the same time the year before.
Zillow's estimated median value for all homes in the metro area is $110,477, with the nation's median at $202,966.
Robert Evatt
World Staff Writer - 11/20/2008
6213 E 98th St Tulsa - $127,500
| Bedrooms | Bathrooms | Half Baths | Garage Size | Square Feet |
| 3 | 2 | 1 | 2 | 2,664 |
Selling in AS-IS condition! Buyers to make own investigations/determinations regarding property.Seller requires proof of funds &/or lender letter plus earnest money with all offers submitted.Seller req's 10% earnest on ALL CASH sales
