Why Live in Terrace Drive
Terrace Drive in Tulsa, Oklahoma, is a historic neighborhood featuring a half-mile stretch of the iconic Route 66. This midtown area offers convenient access to the shops and restaurants on Cherry Street and is just two miles from downtown Tulsa. Dining and nightlife options are abundant along Route 66, including Flo’s Smokehouse Eats and The Starlite Bar, which hosts trivia, comedy nights, and live music. Mother Road Market on South Lewis Avenue is a community hub with retail space, a demonstration kitchen, a large bar, and a patio with sunset views. The annual Germanfest, hosted by the German-American Society of Tulsa, is a notable event featuring bratwurst, polka music, and activities for children. Terrace Drive is also close to citywide events like the Tulsa State Fair and Oktoberfest.
The neighborhood is characterized by homes dating back to the 1920s, with a mix of large estates, bungalows, and historic condos. Lot sizes average a quarter-acre, and many properties have paved driveways, though street parking is common. Mature trees provide ample shade and privacy. Terrace Drive is within a five-minute drive to downtown Tulsa and 15 minutes from Tulsa International Airport, with Tulsa Transit buses available for those without cars. Benedict Park, the nearest green space, offers tennis and basketball courts, a playground, and a picnic area.
The neighborhood is safer than the national average, making it a practical choice for many. Two hospitals, William H. Bell Medical Plaza and Hillcrest Medical Center, are located within Terrace Drive, offering round-the-clock medical care but also the potential for frequent siren noise.
Home Trends in Terrace Drive, OK
On average, homes in Terrace Drive, Tulsa sell after 45 days on the market compared to the national average of 51 days. The median sale price for homes in Terrace Drive, Tulsa over the last 12 months is $250,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$250,000
Median Single Family Sale Price
$250,000
Average Price Per Sq Ft
$186
Number of Homes for Sale
4
Last 12 months Home Sales
16
Median List Price
$250,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
5%