Market Intelligence · OK / Norman

Norman, OK 73071 Housing Market

The typical home in Norman, OK 73071 is worth $221,413, up 0.4% over the past year as of September 2026. The median list price is $289,000, and homes spend a median of 52 days on the market.

Updated September 2026Median value$221K

The median home value in Norman, OK 73071 is $221K as of September 2026, up 0.4% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 73071 range

$204K to $239K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.4% over 12 months

Sep 2025$221K

Low $221KHigh $223K

Sep 2026$221K

The numbers

What is the 73071 housing market like?

As of September 2026

Typical home value

$221K

0.4%YoY

Median list price

$289K

2.0%MoM

Days on market

10.3%MoM

Homes for sale

156

6.1%MoM

Price cuts

21.0%

0.6%MoM

New listings

3.8%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

73071 housing market forecast 2027

+1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 73071 to rise 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 73071 rose 0.4%, per the Zillow Home Value Index.

Will home prices drop in 73071?

Zillow's forecast does not call for a drop: it expects typical home values in 73071 to rise 1.3% by September 2027, after a 0.4% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 73071 home prices compare?

73071$221,413
Norman$279,507
Oklahoma$182,245
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Norman: 4 ZIPs; Oklahoma: 499 ZIPs; United States: 26,262 ZIPs).

Context

There were 156 homes for sale in 73071 as of September 2026, with 54 new listings hitting the market. The median list price of $289,000 sits well above the typical home value of $221,413, which has grown just 0.4% over the past year. Homes take a median of 52 days to sell, and 21.0% of listings carry a price cut. That gap between asking prices and actual values, combined with modest appreciation and a meaningful share of reductions, points to a market where buyers have room to negotiate. Sellers should price realistically from the start rather than testing the high end.

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Common questions

What people ask us.

How much is a home in 73071 worth?

The typical home value in Norman, OK 73071 is $221,413 as of September 2026, up 0.4% over the past year.

How long does it take to sell a home in 73071?

Homes in 73071 spend a median of 52 days on the market as of September 2026.

Are sellers cutting prices in 73071?

Yes. As of September 2026, 21.0% of listings in 73071 have had a price cut, and the median list price is $289,000.

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