Norman, OK Housing Market
The Norman housing market is somewhat competitive. Homes in Norman receive 3 offers on average and sell in around 17 days. The median sale price of a home in Norman was $266K last month, up 9.5% since last year. The median sale price per square foot in Norman is $160, up 3.9% since last year.
Norman Housing Market Trends
In March 2024, Norman home prices were up 9.5% compared to last year, selling for a median price of $266K. On average, homes in Norman sell after 17 days on the market compared to 21 days last year. There were 144 homes sold in March this year, up from 131 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 2% below list price and go pending in around 21 days.
- Hot homescan sell for around list price and go pending in around 5 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 2% below list price and go pending in around 29 days.
- Hot homescan sell for around list price and go pending in around 7 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 17 days.
- Hot homescan sell for about 1% above list price and go pending in around 4 days.
Norman Migration & Relocation Trends
- Across the nation, 0.31% 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.
- Anchorage was the most popular destination among Norman homebuyers followed by Destin and New Orleans.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 355 | ||
2 | 319 | ||
3 | 210 | ||
4 | 180 | ||
5 | 132 | ||
6 | 77 | ||
7 | 67 | ||
8 | 62 | ||
9 | 59 | ||
10 | 52 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 12 | ||
2 | 11 | ||
3 | 10 | ||
4 | 10 | ||
5 | 9 | ||
6 | 8 | ||
7 | 7 | ||
8 | 7 | ||
9 | 6 | ||
10 | 5 |
Home offer insights for Norman
Recent offers
- Offer Not Accepted|7 Weeks Ago~$275K OfferSold for $300K3 bd | 2 ba | ~1,750 sqftUnder List Price7%Days on Market27Competing Offers2Down Payment—
- Offer Not Accepted|9 Weeks Ago~$200K OfferSold for $200K3 bd | 2 ba | ~1,500 sqftOver List Price0%Days on Market2Competing Offers8Down Payment—
View houses in Norman that sold recently
Recently sold homes
- $320,500 Last Sold Price3 beds3 baths2,318 sq ft3849 Bristol Dr, Norman, OK 73072(405) 487-7183List Price$345,000Sale to List7% under listDays on Market135 days3849 Bristol Dr, Norman, OK 73072
- $75,000 Last Sold Price3 beds4.5 baths2,984 sq ft713 Legacy Ave, Norman, OK 73069(405) 366-7707List Price$599,000Sale to List87% under listDays on Market39 days713 Legacy Ave, Norman, OK 73069
- $510,125 Last Sold Price5 beds3 baths3,360 sq ft8005 E Franklin Rd, Norman, OK 73026(405) 439-9206List Price$524,900Sale to List3% under listDays on Market83 days8005 E Franklin Rd, Norman, OK 73026
- $286,900 Last Sold Price3 beds2 baths1,761 sq ft1022 Meadow Ridge Rd, Norman, OK 73072(405) 487-7183List Price$286,900Sale to List0% over listDays on Market57 days1022 Meadow Ridge Rd, Norman, OK 73072
- $270,000 Last Sold Price3 beds2 baths1,889 sq ft421 Willow Branch Rd, Norman, OK 73072(405) 366-7707List Price$287,000Sale to List6% under listDays on Market58 days421 Willow Branch Rd, Norman, OK 73072
- $247,500 Last Sold Price3 beds2 baths1,742 sq ft4909 Baker St, Norman, OK 73072(405) 361-3380List Price$239,900Sale to List3% over listDays on Market16 days4909 Baker St, Norman, OK 73072
- $174,000 Last Sold Price3 beds1 bath875 sq ft1525 Camden Way, Norman, OK 73069(405) 701-8005List Price$172,000Sale to List1% over listDays on Market23 days1525 Camden Way, Norman, OK 73069
- $259,900 Last Sold Price3 beds2 baths1,993 sq ft4116 Beechwood Dr, Norman, OK 73072(405) 329-6976List Price$259,900Sale to List0% over listDays on Market111 days4116 Beechwood Dr, Norman, OK 73072
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.
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Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Moderate
Wind Factor
Wind likelihood over time
Heat Factor - Major
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Transportation in Norman
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Bike Score®
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