The story of this market
The typical home in Norman, Oklahoma sells for about $291,057, or $162 per square foot.
Prices are roughly flat from a year ago (+0.4%), a market in balance. Homes take about 26 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,086 a month.
Monthly price momentum
Home values since 2015
+1.7%
OK · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Norman, Oklahoma
The Norman housing market shows steady growth with a median sale price of $291,057, reflecting a 0.4% year-over-year increase. Market activity remains competitive with homes selling in approximately 26 days, driven by the city's stable economic foundation anchored by the University of Oklahoma.
No ARED county foreclosure postings attributed to Norman yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).
Deterministic aggregate of 5 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 11.0% year over year.
Homes spend a median of 47 days on market with 3.6 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 85.46% of asking — demand is cooling.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
- Hurricane Harbor Oklahoma City418.5 mi
- Brickopolis Family Entertainment Center4.517.2 mi
- Dave & Buster's Oklahoma City4.222.1 mi
- Urban Air Trampoline and Adventure Park3.66.9 mi
- Cactus Jack's Family Fun Center4.521.5 mi
- Paycom Center4.717.2 mi
- Lloyd Noble Center4.52.4 mi
- Gaylord Family - Oklahoma Memorial Stadium4.81.1 mi
- Oklahoma City Convention Center4.717 mi
- OKC Fair Park4.218.8 mi
- Newcastle Casino3.89.5 mi
- Regal Warren Moore4.47.9 mi
- SKELETONS: Museum of Osteology4.89.9 mi
- Orr Family Farm4.38.5 mi
- Buck Thomas Park4.59.1 mi
- Oklahoma City National Memorial & Museum4.917.9 mi
- Science Museum Oklahoma4.721 mi
- National Cowboy & Western Heritage Museum4.821.8 mi
- Devon Park4.721 mi
- SKELETONS: Museum of Osteology4.89.9 mi
- Buck Thomas Park4.59.1 mi
- Reaves Park4.51.9 mi
- Little River Park4.68 mi
- Lake Thunderbird State Park4.410.9 mi
- Sutton Wilderness Trail Park4.61.9 mi
- Earlywine Golf Course4.311.9 mi
- Trosper Golf Course4.414.9 mi
- JR's Pub & Grill4.210.9 mi
- Hidden Trails Golf & Country Club4.513.7 mi
- Westwood Park Golf Course3.82 mi
- Sooner Mall4.12.6 mi
- Sprouts Farmers Market4.510.4 mi
- WinCo Foods4.57.6 mi
- T.J. Maxx4.42.5 mi
- Sprouts Farmers Market4.40.4 mi
- Will Rogers International Airport4.414.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A preeminent research university that serves as the city's primary economic and cultural anchor.
A large recreational area offering water activities, trails, and camping, serving as a major regional outdoor destination.
A central municipal park providing green space and community gathering areas for residents.
Norman is an ideal fit for families, university-affiliated professionals, and students who value a community centered around research, education, and a vibrant arts scene.
Norman is recognized for its strong educational foundation, anchored by the University of Oklahoma and a school system that emphasizes academic achievement and community engagement.
Norman is integrated into the broader Oklahoma City metropolitan transportation network, with major highway corridors facilitating regional connectivity.
Norman offers a robust amenity base including the University of Oklahoma campus, Lake Thunderbird State Park, and various municipal parks like Andrews Park, providing extensive outdoor and cultural opportunities.
The rental market in Norman is influenced by the large student population associated with the University of Oklahoma, resulting in consistent demand and a mix of traditional and short-term housing options.
The economy is heavily driven by the University of Oklahoma and the associated research, education, and healthcare sectors, providing a stable employment base.
Norman serves as a major research and educational hub, with the University of Oklahoma acting as the primary economic anchor and driver of development momentum.
Development efforts are focused on expanding mixed-use residential and commercial capacity to accommodate the city's steady population growth.
Parcels in Norman are subject to various special districts, including those for public schools, municipal services, and regional utility management.
The city maintains active flood hazard protection programs and infrastructure to manage regional weather risks, including wind and storm events common to central Oklahoma.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Oklahoma) — Ad Valorem Property Tax: Property is assessed at a ratio between 10% and 22.85% of fair cash value as determined by the county. Annual increases in assessed value for homestead and agricultural property are capped at 3% per year. Tax is calculated by applying the local millage rate to the assessed value.
Data sourced from City of Norman 2026 Demographic and Income Profile.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.