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Preforeclosure Homes in Norman, OK 73071

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Norman, OK Foreclosures

How much do homes sell for in Norman, OK?
The average home price is currently $290,126.
In Norman, OK, how many homes are available?
There are currently 18 active home listings available in Norman.
What’s the average rental cost in Norman, OK?
The average rental price in Norman is $1,335.
What is the most expensive home in Norman?
The most expensive home sold in Norman had a price of $55,252,174.
What is currently the cheapest priced home in Norman, OK?
The cheapest home for sale in Norman is priced at $10,030.

Living in Norman, OK

Norman, OK, is a lively city that combines a rich cultural lifestyle with outdoor recreational activities. Known for the University of Oklahoma, Norman has a vibrant arts scene, excellent schools, and numerous parks and trails. With a friendly community atmosphere and a variety of amenities, it’s an ideal location for families and professionals.

Current Market Conditions in Norman, OK

Norman's real estate market has shown resilience and steady growth, even amid fluctuating economic conditions. The demand for homes in the area remains strong due to the city's attractive lifestyle and educational opportunities. Current trends indicate a healthy influx of new residents, primarily driven by the university and local job market.

Recently, there has been an increasing interest from first-time homebuyers and families looking for affordable housing options. The average days on market for homes has decreased, reflecting a competitive landscape. Home values are rising, making it a favorable time for sellers while still providing various options for buyers.

Home Value Estimator For Norman, OK

There are currently 44,093 real estate properties in Norman, OK, with a median automated valuation model (AVM) price of $246,119.00. 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, OK, 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, OK, is $290,126.00, with the most expensive house in Norman, OK, topping out at $55,252,174.00 and the cheapest home in Norman, OK, clocking in at $10,030.00. In other words, there’s something for every potential homebuyer or savvy investor in Norman, OK!

Rent Prices In Norman, OK

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Norman, OK, is on a rollercoaster ride. The average rent price in Norman, OK, is $1,335.00. Indeed, when looking to rent in Norman, OK, you can expect to pay as little as $520.00 or as much as $3,920.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Norman, OK -- 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.

Norman, OK 73071 Preforeclosure Homes

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