Norman, OK Housing Market
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.
Norman Housing Market Trends
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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Norman housing market?
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 homescan sell for around list price and go pending in around 4 days.
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 24 days.
- Hot homescan sell for around list price and go pending in around 6 days.
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
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% below list price and go pending in around 18 days.
- Hot homescan sell for about 1% above list price and go pending in around 4 days.
Norman Migration & Relocation Trends
- Across the nation, 0.30% of homebuyers searched to move into Norman from outside metros.
- Los Angeles homebuyers searched to move into Norman more than any other metro followed by Dallas and Miami.
- 82% of Norman homebuyers searched to stay within the Norman metropolitan area.
- Pensacola was the most popular destination among Norman homebuyers followed by McAlester and Destin.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 355 | ||
2 | 307 | ||
3 | 258 | ||
4 | 169 | ||
5 | 115 | ||
6 | 78 | ||
7 | 66 | ||
8 | 57 | ||
9 | 57 | ||
10 | 57 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 17 | ||
2 | 12 | ||
3 | 11 | ||
4 | 11 | ||
5 | 8 | ||
6 | 7 | ||
7 | 6 | ||
8 | 6 | ||
9 | 6 | ||
10 | 6 |
View houses in Norman that sold recently
Recently sold homes
- $204,500 Last Sold Price3 beds2 baths1,792 sq ft2520 SE 132nd Ave, Norman, OK 73026(405) 509-6515List Price$199,900Sale to List2% over listDays on Market45 days2520 SE 132nd Ave, Norman, OK 73026
- $186,000 Last Sold Price2 beds1 bath1,242 sq ft1229 Leslie Ln, Norman, OK 73069(405) 329-6976List Price$185,000Sale to List1% over listDays on Market42 days1229 Leslie Ln, Norman, OK 73069
- $499,500 Last Sold Price5 beds3.5 baths3,344 sq ft3304 Riverwalk Ct, Norman, OK 73072(405) 366-7707List Price$499,500Sale to List0% over listDays on Market78 days3304 Riverwalk Ct, Norman, OK 73072
- $300,000 Last Sold Price4 beds2 baths1,955 sq ft1309 Dustin Dr, Norman, OK 73071(405) 701-8881List Price$310,000Sale to List3% under listDays on Market41 days1309 Dustin Dr, Norman, OK 73071
- $210,000 Last Sold Price3 beds2 baths1,587 sq ft1012 Shadowlake Rd, Norman, OK 73071(405) 401-6230List Price$210,000Sale to List0% over listDays on Market131 days1012 Shadowlake Rd, Norman, OK 73071
- $275,500 Last Sold Price4 beds2 baths1,732 sq ft1422 Spoonwood Rd, Norman, OK 73071(405) 265-1126List Price$275,000Sale to List0% over listDays on Market45 days1422 Spoonwood Rd, Norman, OK 73071
- $455,000 Last Sold Price4 beds3.5 baths4,858 sq ft4231 Valley Vista St, Norman, OK 73072(405) 330-2626List Price$499,990Sale to List9% under listDays on Market107 days4231 Valley Vista St, Norman, OK 73072
- $556,000 Last Sold Price3 beds2.5 baths2,542 sq ft115 Alamosa Rd, Norman, OK 73069(405) 691-1111List Price$565,000Sale to List2% under listDays on Market66 days115 Alamosa Rd, Norman, OK 73069
See all recently sold homes in Norman.
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Schools in Norman
- Elementary
- Middle
- High
GreatSchools Rating
10/10 McKinley Elementary School Public • PreK-5 | 371 Students | 7 reviews |
10/10 Eastlake Elementary School Public • PreK-6 | 408 Students | 4 reviews |
9/10 Timber Creek Elementary School Public • PreK-6 | 604 Students | 1 reviews |
9/10 Robin Hill Public School Public • PreK-8 | 372 Students | 13 reviews |
9/10 Briarwood Elementary School Public • PreK-6 | 518 Students | 6 reviews |
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.
Flood Factor - Minor
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Moderate
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Norman
Walk Score®
Bike Score®
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