Comprehensive market data and analysis• Updated Oct 2026
7.5 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 4 | 16 | 37 | 76 |
| 1-2 acres | 2 | 3 | 5 | 8 |
| 2-5 acres | - | 9 | 15 | 24 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | 11 | 13 | 27 |
| 20-50 acres | 1 | 5 | 5 | 7 |
| 50-100 acres | - | - | 1 | 1 |
| 100+ acres | - | - | - | 1 |
| TOTAL | 7 | 44 | 76 | 144 |
Acreage buckets
The median price for land in Norman, Oklahoma is currently $76K per acre. For a typical parcel, the median sale price is $128K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $45K while premium lots reached $510K.
Norman, Oklahoma is currently a balanced market with 7.5 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have increased 61.9% year-over-year.
Norman, Oklahoma currently has 7.5 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
There are currently 125 active listings in Norman, Oklahoma. 39 new listings have hit the market in the last 90 days. The median asking price is $188K.
The current absorption rate in Norman, Oklahoma is 13.3% (3-month basis), indicating moderate demand. With appreciating values (+61.9% YoY), the market shows growth potential. The top-performing broker in this market is Dillard Cies Real Estate.
Land in Norman, Oklahoma typically sells within 177 days of listing. The median time on market is 60 days. Properties are moving slowly in the current balanced market.
Over the past 12 months, Norman, Oklahoma saw 163 properties sold, totaling $50.6M in sales volume. In just the last 3 months, 50 properties changed hands.
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
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