$100,000
- 2 Beds
- 1 Bath
- 840 Sq Ft
3026 Stephan Rd, Norman, OK 73026
Ambra Anderson Verity Real Estate LLC
$100,000
3026 Stephan Rd, Norman, OK 73026
Ambra Anderson Verity Real Estate LLC
Norman's rich college-town atmosphere centers around the University of Oklahoma, with the iconic Gaylord Family Oklahoma Memorial Stadium drawing thousands for Sooners football games. Lake Thunderbird State Park provides year-round outdoor recreation through boating, fishing, camping, and hiking trails. The downtown Arts District features the historic Sooner Theatre for live performances, while Campus Corner buzzes with restaurants and shops. The Sam Noble Oklahoma Museum of Natural History and Fred Jones Jr. Museum of Art add cultural depth to the community.
The real estate landscape in Norman includes diverse price points across its neighborhoods. The median single-family home price stands at $305,000, with Northwest Norman commanding the highest median price at $407,000. Downtown Norman's median single-family price reaches $295,900, while Original Townsite presents more affordable options at $137,000. Condominiums start at a median price of $100,000 for one bedroom units and $138,000 for two bedrooms. Townhomes have a median price of $325,000.
Norman maintains a cost of living 1.7% below the national average. A family with school-age children needs approximately $104,000 annually to live comfortably, while renters should aim for $56,000. The property tax rate in Cleveland County is 1.03%, comparable to nearby Moore but slightly higher than Oklahoma City's 0.98%. The combined sales tax rate reaches 9.00%. Norman's location 20 miles south of Oklahoma City creates a manageable 25 to 30 minute commute via I-35. The Cleveland Area Rapid Transit (CART) system serves local transportation needs. Notable public schools include Norman North High School and McKinley Elementary School, both earning A ratings from Niche.
The median home sale price in Norman, OK is $285,000, consistent with the median home sale price year-over-year. Homes in Norman sell in 55 days on average, compared to the national average of 55 days.
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Median Sale Price
$285,000
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Median Single Family Sale Price
$309,000
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Median Townhouse Sale Price
$230,000
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Median 2 Bedroom Sale Price
$170,000
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Median 1 Bedroom Sale Price
$92,000
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Average Price Per Sq Ft
$176
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Number of Homes for Sale
1
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Last 12 months Home Sales
1,840
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Months of Supply
4.30
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Median List Price
$312,500
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Median Change From 1st List Price
2%
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Median Home Sale Price YoY Change
0%
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In Norman, homebuyers often seek space, affordability, and access to the University of Oklahoma and nearby parks.