Norman Market Update

The Norman market saw a busy November with rising prices, strong buyer activity and a noticeable shift in how long homes are taking to sell. Here’s what’s shaping the local landscape:

More Homes Hitting the Market

New listings increased 13.9%, bringing welcome options for buyers who felt the squeeze earlier this year. Inventory is also up 23.9%, and months of supply rose from 2.9 to 3.5, signaling continued movement toward a more balanced market.

Buyer Demand Surges

Pending sales jumped 34.9%, one of the biggest increases in the metro this month. Buyers are out shopping, and committing, even with more homes to choose from. Closed sales were up slightly (2.7%), keeping the overall pace healthy and steady.

Prices Continue a Strong Climb

Home values in Norman experienced some of the most significant year-over-year growth in recent years. The average sales price grew 18.4% to $371,280. This signals strong buyer confidence and reflects Norman’s ongoing appeal, especially in areas near the university and new development corridors!

Homes Taking Longer to Sell

Days on market climbed from 39 to 59 days, a 51.3% increase. With more inventory available, buyers are moving more thoughtfully and comparing options. Still, sellers are receiving solid offers, about 98% of list price on average—showing demand remains strong even with slower pacing.

What This Means for Norman

Norman is experiencing healthy growth - more listings, more buyers, and rising home values. If you’re a seller, pricing strategy matters more than ever as buyers take their time. If you’re a buyer, increased inventory and longer market times can create great opportunities without missing out on long-term value.

*November 2025 stats from MLSOK