Home Values

Cleveland County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$137,700

  • 7.7% 1-year change
  • 2.9% 1-year forecast

The median home value in Cleveland County is $137,700. Cleveland County home values have gone up 7.7% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in Cleveland County is $99, which is higher than the Oklahoma City Metro average of $96. The median price of homes currently listed in Cleveland County is $172,900 while the median price of homes that sold is $147,500. The median rent price in Cleveland County is $1,125, which is higher than the Oklahoma City Metro median of $903.

Foreclosures will be a factor impacting home values in the next several years. In Cleveland County 1.2 homes are foreclosed (per 10,000). This is the same as the Oklahoma City Metro value of 1.2 and also lower than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Cleveland County is 3.1%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Cleveland County homeowners underwater on their mortgage is 9.8%, which is lower than Oklahoma City Metro at 11.2%.

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Relative ZHVI
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Cleveland County Market Overview

Data through Nov 30, 2014
  • $137,700 ZHVI
  • 2.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $172,900 Median listing price
  • $147,500 Median sale price
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Cleveland County Market Health

Data through Nov 30, 2014
  • 8.7/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 96 Average days on Zillow (Oct 31, 2014)
  • 9.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.2 homes Cleveland County
1.2 homes Oklahoma City Metro
4.2 homes United States
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Cities in Cleveland County

Name Median ZHVI
Norman $145,600
Moore $121,000
Noble $106,900
Name Median ZHVI
Slaughterville $97,800
Lexington $79,300
 

Listings & Sales

Data through Nov 30, 2014
  • $99 Median list price / sq ft
  • $92 Median sale price / sq ft
  • No data Listings with price cut
13.6%
Sold below listing
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Cleveland County Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,231 Cleveland County
    $1,176 Oklahoma City Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,125 Rent list price
  • $0.80 Rent list price / sq ft
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