Like many small cities in the state of Oklahoma, Norman is a little heaven that inspires a tigh-knit community which blends with the conveniences of modern city amenities. Homes for sale in Norman, OK reflect its unique character of rich Midwestern history that has steadily been embracing modernization. Homes in the city is also known for being affordable.

A steady demand for residential properties for sale is making Norman a thriving market filled with opportunity and potential for homebuyers and investors. If you are looking to purchase a home, preview exclusive listings of properties for sale in Norman, OK.  

Norman, Oklahoma, Real Estate Market Overview

As of November 2023, the median listing home price in Norman, OK, was $349.9K, exhibiting a significant increase of 12.1% compared to the previous year. This upward trend in home pricing highlights the growing demand and value in the region. 

The market in Norman is currently balanced, suggesting that the supply and demand of homes are approximately equal. This balance is crucial for both buyers and sellers, as it indicates a market that is neither overly competitive nor stagnant. 

Homes in Norman sold for approximately 1.42% below the asking price on average in November 2023, and on average, properties stayed on the market for about 55 days before selling. 

Norman offers a variety of homes, ranging from affordable condos and townhomes to larger, more expensive properties. The diversity in housing caters to a wide range of preferences and budgets, making the an attractive location for a wide crossection of homebuyers.

What Makes Norman, OK, an Ideal City to Buy a Home in?

Norman, OK, offers a unique blend of amenities that make it an ideal city for homebuyers. This city, known for its educational, healthcare, and aerospace industries, stands out with its vibrant culture and rich history. The presence of the University of Oklahoma, one of the largest employers, significantly contributes to the local economy and cultural scene.

  1. Affordable Living and Housing: Norman boasts a relatively affordable cost of living, with housing costs below the national average. The median home value is approximately $217,298, which makes it an attractive option for those seeking quality housing without the hefty price tag. This affordability extends to other aspects of living, including utilities and transportation, making it a cost-effective place to live.
  1. Quality of Life: The city offers a high quality of life, characterized by a mild, comfortable climate with an average of 235 sunny days a year. Outdoor enthusiasts enjoy numerous activities such as hiking, fishing, and boating, particularly at popular spots like Lake Thunderbird State Park. Norman also prides itself on its low crime rates, contributing to a safe and secure living environment.
  1. Community and Culture: Norman’s community spirit is palpable, with friendly and welcoming residents that embody southern hospitality. The city’s historic neighborhoods, diverse range of dining and entertainment options, and various public art displays reflect its rich cultural heritage. Additionally, the city hosts numerous free events and festivals, adding to its appeal as a lively and engaging community.

Types of Homes in Norman, Oklahoma

In Norman, OK, the types of properties available include:

  • Condominiums: Like the units at The Edge, offering 4 bedrooms and 4 bathrooms with amenities like a fitness center, pool, and sports courts.
  • Modern Farmhouses: Properties such as a new 3-bedroom, 2.5-bath farmhouse on 10 acres, featuring a large porch and scenic views.
  • Traditional Single-Family Homes: Homes like the one on Terryton Drive, offering 3 bedrooms and 1.5 baths, with a large backyard and updated interiors.
  • Large Acreage Homes: For instance, a 4-bedroom, 3-bath home on Moonlight Drive, with 10 acres, ideal for homesteading or hydroponic farming.
  • Urban Living Options: Like the 2-bedroom, 2-bath condominiums near the University of Oklahoma, providing a blend of elegance and convenience.
Silver Audi Convertible Coupe on Side of the Street

Find and Buy a Home in Norman, Oklahoma, with Ardor Homes

Ardor Homes, Oklahoma will simplify the process of buying a home in Norman, OK. Great social amenities, a vibrant school district, and proximity ot other cities like Moore and Midwest has made Norman an attractive prospect for homebuyers and investors. 

An increase in demand for hosing has, however, made it a little difficult for first time homebuyers to purchase their ideal homes in the city. Like many regions where demand for housing is high, searching for and purchasing property in Norman can be overwhelming and time-consiming.

This is where Ardor Homes come in. We have made it easy for you to look for and purchase homes in the state of Oklahoma. Just pick a property from our regularly updated listings, then get in touch with one of our local real estate agents for a consultation call. They will walk with you and help you throughout all the steps of looking for and purchasing your ideal home.

Questions from Home Buyers about Houses for Sale in Oklahoma

How to buy a home in Oklahoma?

To buy a home in Oklahoma, start by researching the different types of properties and understanding your budget. Then, find a real estate agent experienced in Oklahoma homes for sale. They can guide you through searching for properties, making offers, and navigating the buying process.

How long does it take to close on a house in Oklahoma?

Closing on a house in Oklahoma typically takes 30 to 45 days after the offer is accepted. This timeframe can vary based on loan type and individual circumstances.

How old do you have to be to buy a house in Oklahoma?

In Oklahoma, you must be at least 18 years old to legally sign a contract for purchasing a house. This is the legal age to enter into binding agreements in the state.

How much does it cost to buy a house in Oklahoma?

The cost of buying a house in Oklahoma varies widely depending on location, property size, and market conditions. As of December, 2023, the average price for family home in Oklahoma is approximately $304,000. Look for new homes for sale in Oklahoma and existing listings to get a sense of current prices.

How does a first-time home buyer program work in Oklahoma?

First-time home buyer programs in Oklahoma offer financial assistance, such as down payment aid or favorable loan terms. These programs are designed to make homeownership more accessible to those who haven’t owned a home before. Eligibility criteria and benefits can vary, so it’s important to research specific programs available in Oklahoma.

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