The Norman housing market is somewhat competitive. Homes in Norman receive 4 offers on average and sell in around 22 days. The median sale price of a home in Norman was $285K last month, up 2.2% since last year. The median sale price per square foot in Norman is $162, up 5.9% since last year.
In April 2024, Norman home prices were up 2.2% compared to last year, selling for a median price of $285K. On average, homes in Norman sell after 22 days on the market compared to 16 days last year. There were 147 homes sold in April this year, up from 120 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$285,000
+2.2% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Norman, OK
$285,000
+2.2%
United States
To compare other locations to the Norman and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Norman's median sale price is 38% lower than the national average. Overall cost of living in Norman is 2% lower than the national average. Learn which home features in Norman add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Norman housing market?
Norman is somewhat competitive. Homes sell in 16 days.
0
100
69
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 16 days.
Hot homes
can sell for around list price and go pending in around 4 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Norman
Explore recent offers and recently sold homes in Norman
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Norman housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Norman.
Risk Factor
Flood Factor - Minor
6% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Norman has a minor risk of flooding. 1,491 properties in Norman are likely to be
severely affected
by flooding over the next 30 years. This represents 6% of all properties in Norman. Flood risk is increasing slower than the national average.
87% of properties are at risk of wildfire over the next 30 years
Fire Factor
Norman has a moderate risk of wildfire. There are 39,020 properties in Norman that have some risk of being affected by wildfire over the next 30 years. This represents 87% of all properties in Norman.
59% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Norman has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Norman is most at risk from hurricanes. 26,532 properties in Norman have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 73 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 79 mph.