New Listing
29
$179,000
17754 Uncle Bill Ln
Norman, OK 73026
3 bd2 ba1,152 sqft$155/ft²
House2.50 acres
eXp Realty, LLC BO
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Norman, OK Housing Market
Seller's market+0.1% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Norman, OK is worth $263,046, held roughly flat 0.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $287,450, +2.7% year over year (through May 2026). With 2.3 months of supply and homes going under contract in about 26 days, Norman is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $263,046 home is about $1,404/mo in principal and interest.
Key numbers for Norman, OK
Typical home value
$263,046
+0.1% in 12 months
Zillow, August 2026
Typical asking rent
$1,357/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$287,450
+2.7% year over year
Redfin, through May 2026
Days on market
26
Average pace
Redfin, through May 2026
Active listings
398
2.3 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$65,060
Home costs 4.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.5%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Norman a buyer's or seller's market?
Seller's market2.3 months of supply26 days on market98.5% of asking
Norman, OK is a seller's market, based on 2.3 months of supply and homes selling in about 26 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Norman housing market data show?
Every row below is Redfin's final published month for Norman, OK. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $287,450 |
| Median list price | $289,900 |
| Year-over-year price change | +2.7% |
| Median price per sq ft | $168/sq ft |
| Median days on market | 26 days |
| Active inventory | 398 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 98.5% |
| Homes sold (that month) | 176 |
| New listings (that month) | 221 |
| Listings with a price cut | 29.9% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Norman is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Norman is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Norman home prices moved?
Over the last three years the median sale price in Norman, OK rose 10.3%, from $260,500 to $287,450. The live Zillow value series has held roughly flat 0.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 29.9% of Norman listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.3 months while the sale-to-list ratio slips below its current 98.5%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Norman?
Priced off the typical home value of $263,046 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $52,609 | $210,437 | $1,404/mo |
| 5% | $13,152 | $249,894 | $1,668/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,404, that implies roughly $60,184 a year before you add taxes and insurance. The median household in Norman earns $65,060, about $4,876 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.0x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Norman in the next 12 months?
Tell us your timeline. We send the Norman market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Norman?
Typical asking rent in Norman, OK is $1,357/mo, against a typical home value of $263,046. That is a price-to-rent ratio of 16.1x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $1,404 a month — $47 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Norman?
Active listings in Norman, OK went from 406 in May 2025 to 398 in May 2026, a -2.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 456 | 209 |
| July 2025 | 471 | 190 |
| August 2025 | 491 | 167 |
| September 2025 | 518 | 187 |
| October 2025 | 497 | 145 |
| November 2025 | 430 | 98 |
| December 2025 | 409 | 110 |
| January 2026 | 418 | 145 |
| February 2026 | 398 | 145 |
| March 2026 | 377 | 177 |
| April 2026 | 374 | 202 |
| May 2026 | 398 | 221 |
Redfin, through May 2026
How does Norman compare to Oklahoma and the U.S.?
Norman homes sell for $287,450 — 9% above the Oklahoma median of $264,600. Against the national median of $410,700, Norman runs 30% lower. Year-over-year, Norman moved +2.7% against Oklahoma's +1.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Norman, OK | $287,450 | +2.7% | 26 days |
| Oklahoma statewide | $264,600 | +1.9% | 39 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Norman
What buyers should watch
- Months of supply, currently 2.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 29.9%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $263 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $263,046 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Norman listing goes under contract in 26 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.5% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Norman added 221 new listings against 176 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +0.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Norman varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Norman
There are currently 398 homes listed for sale in Norman, Oklahoma. The median listing price is $290K. Featured listings range from $179,000 to $444,340.
New Listing
20
$207,000
908 E Main St
Norman, OK 73071
3 bd3 ba1,549 sqft$134/ft²
Multi-family12,632 sqft lot
Key Realty and Property Mgmt
View photos & details
New Listing
49
$219,000
1237 Denison Dr
Norman, OK 73069
3 bd4 ba2,001 sqft$109/ft²
House13,504 sqft lot
Dillard Cies Real Estate
View photos & details
New Listing
28
$229,900
1106 E Louisiana St
Norman, OK 73071
2 bd1 ba1,196 sqft$192/ft²
House6,970 sqft lot
Keller Williams Realty Mulinix
View photos & details
New Listing
36
$277,500
526 Midland Dr
Norman, OK 73072
3 bd2 ba1,778 sqft$156/ft²
House11,326 sqft lot
Brix Realty
View photos & details
New Listing
38
$287,000
2005 Delancey Dr
Norman, OK 73071
3 bd2 ba1,804 sqft$159/ft²
House7,405 sqft lot
Weichert Realtors Centennial
View photos & details
New Listing
47
$375,000
425 Summit Hill Rd
Norman, OK 73071
4 bd3 ba2,373 sqft$158/ft²
House9,100 sqft lot
Keller Williams Realty Elite
View photos & details
New Listing
36
$380,000
1811 Wren St
Norman, OK 73069
6 bd5 ba2,914 sqft$130/ft²
Multi-family11,326 sqft lot
Urban RE LLC
View photos & details
New Listing
40
$429,900
8770 Payton Ln
Norman, OK 74857
3 bd3 ba2,246 sqft$191/ft²
House2.00 acres
Prestige Real Estate Services
View photos & details
New Build
40
$439,891
3761 Mesa Rd
Norman, OK 73071
4 bd2 ba2,105 sqft$209/ft²
House
View photos & details
New Listing
45
$440,000
906 Mount Irving Way
Norman, OK 73071
4 bd3 ba2,341 sqft$188/ft²
House8,333 sqft lot
Whittington Realty
View photos & details
New Build
52
$444,340
3902 Lleyton Dr
Norman, OK 73072
4 bd3 ba2,250 sqft$197/ft²
House
View photos & details
Looking to buy in Norman?
Get connected with a local real estate expert — free, no obligation.
Active listings
398
Homes on market
Median list price
$290K
Avg. days on market
26
Days until sale
New this week
221
Newly listed
Price drops:29.9%of listings
Sale-to-list:98.5%
How much do homes cost in Norman by property type?
How the Norman, OK market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $295,000 | $170/sq ft | 165 | 26 days |
| Condo / co-op | $120,000 | $134/sq ft | 7 | 37 days |
| Townhouse | $105,000 | $88/sq ft | 1 | 11 days |
Who lives in Norman?
American Community Survey estimates for Norman. U.S. Census ACS, 2023
Population
128,714
Households
51,489
Median income
$65,060/yr
Median age
31.6 years
Owner-occupied
52.7%
Median home value
$239,300
Median gross rent
$1,064/mo
Mean commute
22.2 min
52.7% of occupied homes in Norman are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $239,300 against Zillow's $263,046 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,064/mo, below Zillow's $1,357/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Norman?
30 schools tracked · 17,553 students
The largest public schools serving Norman, OK by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
NORMAN NORTH HS
Grades 9-12 · 2,369 students
NORMAN HS
Grades 9-12 · 2,132 students
WHITTIER MS
Grades 6-8 · 1,094 students
IRVING MS
Grades 6-8 · 734 students
LONGFELLOW MS
Grades 6-8 · 728 students
ALCOTT MS
Grades 6-8 · 712 students
ROOSEVELT ES
Grades PK-5 · 615 students
EISENHOWER ES
Grades PK-5 · 595 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Norman, OK?
Ordered by distance from Norman, not by size. Compare Norman side by side with any of them.
Which ZIP codes are in Norman?
These are the ZIP codes we see on active Norman listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Norman housing market FAQ
Is Norman a buyer's or seller's market?
Norman, OK is currently a seller's market. That read comes from 2.3 months of supply, homes going under contract in about 26 days, and sellers getting 98.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Norman?
The typical home in Norman, OK is worth $263,046 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $287,450, about $168 per square foot.
Is Norman cheaper than the rest of Oklahoma?
Norman's median sale price of $287,450 is 9% higher than the Oklahoma statewide median of $264,600, and 30% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Norman?
Homes in Norman, OK spent a median of 26 days on market before going under contract, versus 39 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Norman?
At the current 30-year fixed rate of 7.03%, 20% down on a $263,046 home is about $1,404 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $60,184 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $65,060.
Are home prices rising in Norman?
The typical home value in Norman, OK held roughly flat 0.1% over the last 12 months, from $262,768 to $263,046 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Norman?
Norman ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Norman?
That depends on your timeline, not on a headline. What the data says today: Norman, OK is a seller's market with 2.3 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 16.1x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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