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 $161, up 5.2% 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 17 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 26 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 around 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 |
Home offer insights for Norman
Recent offers
- Offer Not Accepted|11 Weeks Ago~$275K OfferSold for $300K3 bd | 2 ba | ~1,750 sqftUnder List Price7%Days on Market27Competing Offers2Down Payment—
- Offer Not Accepted|12 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
- $289,900 Last Sold Price4 beds2.5 baths2,316 sq ft3433 Buckhorn Dr, Norman, OK 73072(405) 476-1320List Price$289,900Sale to List0% over listDays on Market52 days3433 Buckhorn Dr, Norman, OK 73072
- $245,000 Last Sold Price3 beds2 baths1,356 sq ft2924 Woodcrest Creek Dr, Norman, OK 73071(405) 691-1111List Price$245,000Sale to List0% over listDays on Market35 days2924 Woodcrest Creek Dr, Norman, OK 73071
- $215,000 Last Sold Price3 beds2 baths1,308 sq ft1412 Oakcrest Ave, Norman, OK 73071(405) 330-0031List Price$219,900Sale to List2% under listDays on Market18 days1412 Oakcrest Ave, Norman, OK 73071
- $185,000 Last Sold Price3 beds1.5 baths1,068 sq ft1530 Briar Meadow Rd, Norman, OK 73071(405) 361-3380List Price$185,000Sale to List0% over listDays on Market45 days1530 Briar Meadow Rd, Norman, OK 73071
- Sign in for price Last Sold Price3 beds2 baths1,225 sq ft2216 Memphis Dr, Norman, OK 73071(870) 478-7653List Price—Sale to List—Days on Market—2216 Memphis Dr, Norman, OK 73071
- $780,030 Last Sold Price5 beds3 baths3,490 sq ft1101 Woodrow Ct, Norman, OK 73072(405) 748-0405List Price$799,000Sale to List2% under listDays on Market87 days1101 Woodrow Ct, Norman, OK 73072
- $275,000 Last Sold Price3 beds2 baths1,752 sq ft335 Westchester Cir, Norman, OK 73069(405) 310-3000List Price$275,000Sale to List0% over listDays on Market61 days335 Westchester Cir, Norman, OK 73069
- $650,000 Last Sold Price4 beds3.5 baths3,175 sq ft2703 Laurel Dr, Norman, OK 73072(405) 366-7707List Price$650,000Sale to List0% over listDays on Market36 days2703 Laurel 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.
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
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Bike Score®
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