It's been quite a year so far in the world of Real Estate here in Oklahoma. The housing market continues to recover and strengthen, although not as quickly in Owasso as in other parts of the world. This is largely because our housing values rise slow and steady. That means when the wheels fell off the housing market, our values didn't fall off the cliff nearly as much as many other areas, such as the coasts.
Here's a quick tour of the Owasso, Oklahoma housing market on August 20, 2015.
First, a chart for those who like numbers and organization of facts.
Price Range |
Homes for Sale |
Homes Under Contract |
Homes Sold Since January 1, 2015 |
0-$100,000 |
7 |
8 |
32 |
$100,000-$200,000 |
99 |
101 |
329 |
$200,000-$300,00 |
86 |
37 |
171 |
$300,000-$400,000 |
35 |
12 |
60 |
$400,000-$500,000 |
13 |
2 |
31 |
$500,000-$600,000 |
9 |
2 |
10 |
$600,000-$700,000 |
6 |
1 |
1 |
$700,000-$800,000 |
5 |
1 |
2 |
$800,000-$900,000 |
0 |
0 |
1 |
$900,000-$1,000,000 |
1 |
0 |
0 |
$1,000,000+ |
2 |
0 |
5 |
Now, for those who are visual learners, here's the data in chart form.
You can see that the sweet spot price range is $100,000 - $200,000 in Owasso, Oklahoma. This pricing is based on many factors including income, the housing market recovering in our area and strong new construction in this price range.
As expected, the number of Owasso homes sold since January 1, 2015 continues to decrease as you increase in price range.
An Anomaly?
What is somewhat surprising is that there were 5 Owasso home sales above a million dollars this year compared to none in the $900 to 1 million range. While this may be an anomaly it could be that there were more homes for sale in the more expensive category than the lower one. It could also be due to other factors such as price reductions and time on the market.
Owasso Neighborhoods
If you're going to be moving to Owasso, Oklahoma here are some of our neighborhoods and their corresponding price ranges. Note, these are not all of the neighborhoods in these price ranges, just some to help you begin to learn the Owasso, Oklahoma areas.
0 - 100K
Elm Creek
Wilawood
Looking Glass
Starlane
Raywood
Henri Edda
Hale Acres
100-200K
Lake Valley
Three Lakes
Starlane
Elm Creek
Ator Heights
El Rio Vista
La Strange
200-300K
Sawgrass Park at Bailey Ranch
Barrington
Central Park
Bailey Ranch
Preston Lakes
Falls at Garrett Creek
Faiways at Bailey Ranch
Honey Creek
Coffee Creek
The Estates of Southern Links
300-400K
The Crossing at 86th Street
Oakridge at Cooper Ranch
Sheridan Crossing
Westgate
Eastwood Lake Estates
Timber Gate
The Ridge
Nottingham Estates
Scissortail Ridge
Windsor Lake
400-500K
Eagles Landing
Stone Canyon
Nottingham Estates
Nottingham Hill
Dover Pond
Oakridge
500-600K
Timber Gate
Nottingham Estates
Oakridge at Cooper Ranch
Dover Pond
Clear Brook
Eastin Ridge
Stone Canyon
600-700K
Stone Canyon
Dover Pond
Clear Brook
700-800K
Clear Brook
Stone Canyon
Dover Pond
Eastin Ridge
800-900K
Clear Brook
900-1 Million
Clear Brook
1 Million+
The Bluffs at Stone Canyon
Clear Brook
For information about Owasso Oklahoma, check out the following links:
This is Owasso, Oklahoma
Sunset in Owasso, Oklahoma
One Secret to Selling Your Owasso Oklahoma home
Be sure to watch the Bob Haywood blog for future and upcoming market reports in the Owasso, Oklahoma area. And be sure to call or text Bob at 918-272-7272 for when you are ready to buy or sell in Owasso, Collinsville, Claremore, Oologah, Skiatook and any other area around the Greater Tulsa area.
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