Norman housing market: home prices, trends and forecast
Norman home prices: the Zillow Home Value Index showed a typical home in Norman, Oklahoma at $260,448 in September 2026. That was 0.7% higher than a year earlier and the highest monthly value on record.
- Typical value of a home
- $260,448September 2026, Zillow ZHVI
- Change over 12 months
- +0.7%. Change since September 2025.
Norman home prices since 2000
Norman appears as the steel line, while the United States appears as the grey line. A typical Norman home was worth $102,400 in January 2000. Its later value reached $260,448, making a ×2.54 multiple against ×2.99 for the US over those months.
Norman median home price by year
Each yearly figure averages twelve monthly values, while 2026 shows the most recent month.
| Year | Norman | Change on the year | United States |
|---|---|---|---|
| 2000 | $104,178 | $125,745 | |
| 2001 | $108,583 | +4.2% | $134,899 |
| 2002 | $114,921 | +5.8% | $144,276 |
| 2003 | $120,889 | +5.2% | $155,308 |
| 2004 | $127,470 | +5.4% | $169,891 |
| 2005 | $134,345 | +5.4% | $189,732 |
| 2006 | $139,809 | +4.1% | $206,531 |
| 2007 | $144,720 | +3.5% | $208,449 |
| 2008 | $145,508 | +0.5% | $195,574 |
| 2009 | $145,997 | +0.3% | $177,542 |
| 2010 | $147,511 | +1.0% | $171,462 |
| 2011 | $145,107 | −1.6% | $162,508 |
| 2012 | $144,648 | −0.3% | $161,137 |
| 2013 | $148,863 | +2.9% | $171,420 |
| 2014 | $153,632 | +3.2% | $182,996 |
| 2015 | $160,719 | +4.6% | $192,738 |
| 2016 | $165,540 | +3.0% | $204,509 |
| 2017 | $168,942 | +2.1% | $216,767 |
| 2018 | $171,812 | +1.7% | $230,541 |
| 2019 | $174,826 | +1.8% | $242,088 |
| 2020 | $182,390 | +4.3% | $257,151 |
| 2021 | $201,204 | +10.3% | $295,959 |
| 2022 | $230,035 | +14.3% | $340,014 |
| 2023 | $243,287 | +5.8% | $348,160 |
| 2024 | $250,192 | +2.8% | $359,751 |
| 2025 | $257,473 | +2.9% | $362,959 |
| September 2026 | $260,448 | +0.7% | $366,157 |
Current value of a home bought in Norman in any year
This estimate for a typical home is based on an index, not an appraisal.
Each year's figure averages its twelve monthly index values. The current value is September 2026. Other options include the home appreciation calculator.
Are you considering selling? Compare local agents listed on Realtor.com. Advertising disclosure: links like this one may earn the site a payment, but they never affect any number. Disclosure.
Norman housing market forecast
Over the three months after September 2026, Zillow's Oklahoma City, OK metro forecast is −0.1%, while its 12-month forecast is +1.5%. Norman's typical value stands at $260,448, so the forecast would place it near $264,400 a year later.
This site restates Zillow's central estimate for the metro but publishes no forecast of its own. Such a 12-month forecast has typically been off from the realised change by several percentage points, whether higher or lower. This is not investment advice.
All metro forecasts in one table: metro forecast table.
Norman housing market crash risk score
49 of 100, a high reading
The score uses five conditions that were high before earlier price falls to rank Norman against the 292 cities. For each input, scores range from 0 to 100 when compared with other cities. The five scores receive equal weight in the average. The score shows current conditions and does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +33.9% | 83 | 20% |
| Time on the market vs 2019 | +14.0% | 67 | 20% |
| Price-to-rent ratio | 15.4 | 29 | 20% |
| Price-to-income ratio | 3.5 | 14 | 20% |
| 12-month price change | +0.7% | 53 | 20% |
This is not investment advice. Learn about the scoring of each input in the methodology. Every one of the 292 cities is ranked: crash risk by city.
Norman inventory and days on market
For September 2026 the Oklahoma City, OK metro listed 6,732 homes for sale, +10.5% from a year earlier and +33.9% compared with the same month in 2019. Homes sat on the market a median of 57 days before sale (+14.0% against 2019); 23.6% of listings were priced down.
| Oklahoma City, OK metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 6,732 | +10.5% |
| New listings | 2,254 | |
| Median days on market | 57 | +9.6% |
| Median list price | $312,450 | −2.4% |
| Share with a price cut | 23.6% |
Realtor.com source data for metro inventory, provided by Realtor.com® Economic Research. For every metro, see days on market by city.
Norman rent and living costs
The Zillow Observed Rent Index puts Norman’s typical asking rent at $1,407 a month. That was +3.1% higher than a year earlier. It takes 15.4 years of that rent to cover the cost of a typical home. Census ACS 2024 reports median household income of $73,618. The typical home is therefore 3.5 times a year’s income. According to BEA, the metro price index is 90.4, compared with a US average of 100. Its housing-cost index is 73.9.
More housing markets across Oklahoma
- Oklahoma City $204,979
- Tulsa housing market $217,760.
- Broken Arrow $287,424
State overview: Oklahoma housing market.
How to read this chart
Each point shows the Zillow Home Value Index for Norman. It measures a typical home in the market’s middle third, with smoothing and seasonal adjustments, in dollars for that month. The hollow dot identifies the month selected on the slider. The terracotta dot shows the most recent month. The figures ignore inflation, and the index describes the typical home rather than a given house: take a single home's sale price and work out its value with the card above or the home appreciation calculator.