Property prices for sale in Norman (Oklahoma)
The prices in real estate in Norman, in the Oklahoma region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Norman has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,530. In the following month the price per sq.feet decreased considerably to $489. The price for the following two months in (January, February) had a considerable decrease of 76 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 76 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $886 to $672 during March, and April.
Based upon to the price in Norman (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $326,464. In December This price remains at $317,086. In the following two months the average price has remained the same with regard to the previous two months from $321,775 to $324,917. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $360,220 they are 70 % more affordable than the average price for Norman. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $315,715.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $138 / sq.feet, with an average $178 / sq.feet price in Norman. The properties with the highest average prices have 2 bedrooms. They are 6 % more expensive than the average followed by properties with 4 bedrooms with a price at $187 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $360,220 it is 66 % cheaper than the average price in Norman. "Land" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $379,968 it is 47 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $75 / sq.feet followed by "Condo" priced at $126 / sq.feet. "Land" is the most costly type of property with a $63,971 / sq.feet cost followed by "House" with an average price of $180 / sq.feet.
