73072 Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

Market Temperature: WarmWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median list price per square foot in 73072 is $108, which is higher than the Norman average of $101. The median price of homes currently listed in 73072 is $245,000 while the median price of homes that sold is $171,700. The median rent price in 73072 is $1,170, which is higher than the Norman median of $895.

Foreclosures will be a factor impacting home values in the next several years. In 73072 1.2 homes are foreclosed (per 10,000). This is greater than the Norman value of 1.1 and also lower than the national value of 4.3

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 73072 is 1.6%, which is lower than the national value of 6.9%. 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 73072 homeowners underwater on their mortgage is 7.6%, which is lower than Norman at 9.0%.

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Relative ZHVI
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73072 Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $245,000 Median listing price
  • $171,700 Median sale price
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73072 Market Health

Data through Aug 31, 2014
  • 10.0/10 Very healthy What's This?  
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    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.

  • No data Average days on Zillow
  • 7.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 1.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.2 homes 73072
1.1 homes Norman
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
73173 $207,900 73170 $176,400 73065 $137,400
73093 $136,000 73071 $127,600 73160 $123,600
73069 $123,500 73139 $111,400 73149 $59,500

Listings & Sales

Data through Aug 31, 2014
  • $108 Median list price / sq ft
  • $99 Median sale price / sq ft
  • 35.0% Listings with price cut
12.6%
Sold below listing
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73072 Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,378 73072
$1,211 Norman
$1,328 United States
  • 2.2 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,170 Rent list price
  • $0.80 Rent list price / sq ft
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