Norman, OK Housing Market
The Norman housing market is somewhat competitive. Homes in Norman receive 3 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 $160, up 3.9% 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 148 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 2% below list price and go pending in around 21 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 2% below list price and go pending in around 27 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|9 Weeks Ago~$275K OfferSold for $300K3 bd | 2 ba | ~1,750 sqftUnder List Price7%Days on Market27Competing Offers2Down Payment—
- Offer Not Accepted|10 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
- $150,200 Last Sold Price3 beds1.5 baths1,200 sq ft1324 E Brooks St, Norman, OK 73071(405) 360-4131List Price$129,900Sale to List16% over listDays on Market20 days1324 E Brooks St, Norman, OK 73071
- $311,000 Last Sold Price3 beds2 baths1,943 sq ft1163 Merrymen Grn, Norman, OK 73072(405) 439-9206List Price$305,000Sale to List2% over listDays on Market35 days1163 Merrymen Grn, Norman, OK 73072
- $222,500 Last Sold Price3 beds2 baths1,372 sq ft1621 Oriole Dr, Norman, OK 73071(405) 694-5811List Price$225,300Sale to List1% under listDays on Market35 days1621 Oriole Dr, Norman, OK 73071
- $350,000 Last Sold Price4 beds2 baths1,832 sq ft525 23rd Ave NE, Norman, OK 73071(405) 703-4100List Price$350,000Sale to List0% over listDays on Market47 days525 23rd Ave NE, Norman, OK 73071
- $418,000 Last Sold Price3 beds2 baths2,226 sq ft4103 Oxford Way, Norman, OK 73072(405) 720-7400List Price$399,900Sale to List5% over listDays on Market40 days4103 Oxford Way, Norman, OK 73072
- $150,000 Last Sold Price2 beds2 baths946 sq ft3000 S Chautauqua Ave #237, Norman, OK 73072(405) 310-9321List Price$150,000Sale to List0% over listDays on Market40 days3000 S Chautauqua Ave #237, Norman, OK 73072
- $235,000 Last Sold Price3 beds2 baths1,673 sq ft2817 Devonshire St, Norman, OK 73071(405) 449-0863List Price$235,000Sale to List0% over listDays on Market34 days2817 Devonshire St, Norman, OK 73071
- $440,000 Last Sold Price4 beds2.5 baths3,119 sq ft4108 Colchester Ct, Norman, OK 73072(405) 720-1116List Price$440,000Sale to List0% over listDays on Market80 days4108 Colchester Ct, 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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