Comprehensive market data and analysis• Updated Dec 2025
3.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | 1 | 2 | 3 |
| 10-20 acres | - | 1 | 2 | 2 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 4 | 6 |
Acreage buckets
The median price for land in Norman, Indiana is currently $9K per acre. For a typical parcel, the median sale price is $87K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $64K while premium lots reached $107K.
Norman, Indiana is currently a seller's market with 3.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Norman, Indiana currently has 3.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
The current absorption rate in Norman, Indiana is 33.3% (3-month basis), indicating strong demand. The top-performing broker in this market is Whitetail Properties.
The median land price in Norman, Indiana stands at $87K. This translates to roughly $9K per acre for the typical parcel size. The average price is $86K, showing a fairly consistent market.
Over the past 12 months, Norman, Indiana saw 6 properties sold, totaling $516K in sales volume. In just the last 3 months, 2 properties changed hands.
There are currently 2 active listings in Norman, Indiana. The median asking price is $317K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.