Norman, AR Foreclosures
How much do homes sell for in Norman, AR?
The average home price is currently $151,378.
In Norman, AR, how many homes are available?
There are currently 1 active home listings available in Norman.
What’s the average rental cost in Norman, AR?
The average rental price in Norman is $894.
What is the most expensive home in Norman?
The most expensive home sold in Norman had a price of $1,442,700.
What is currently the cheapest priced home in Norman, AR?
The cheapest home for sale in Norman is priced at $20,561.
Living in Norman, AR
Norman, Arkansas, is a picturesque small town that offers a community-focused lifestyle with beautiful outdoor landscapes. With various local amenities and a strong sense of community, it's an excellent place for families or anyone looking for a peaceful, yet engaging place to live. Nearby natural parks and recreational activities further enrich the living experience.
Current Market Conditions in Norman, AR
The real estate market in Norman has shown steady growth in recent months, driven by increasing demand for affordable housing options. Buyers are attracted by the town’s affordability and quality of life, while sellers benefit from competitive pricing. The market is characterized by a mix of single-family homes, townhouses, and some upscale properties, catering to a diverse population.
Currently, homes in Norman sell relatively quickly, with many listings receiving multiple offers. This trend has placed upward pressure on home prices, making it an opportune time for sellers while still providing reasonably priced options for first-time buyers.
Home Value Estimator For Norman, AR
There are currently 479 real estate properties
in Norman, AR,
with a median automated valuation model (AVM) price
of $117,087.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Norman, AR, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Norman, AR,
is $151,378.00, with the most expensive house
in Norman, AR, topping out
at $1,442,700.00 and the cheapest home
in Norman, AR,
clocking in at $20,561.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Norman, AR!
Rent Prices
In Norman, AR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Norman, AR, is on
a rollercoaster ride. The
average rent price in Norman, AR,
is $894.00. Indeed, when looking to rent in
Norman, AR, you can expect to pay as little
as $480.00 or as much
as $2,000.00,
with the average rent median estimated to
be $820.00. The good news is that finding
an affordable and desirable property to rent in Norman, AR
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
