May 2024

Norway Housing Market Report Herkimer County, New York

Report Updated 9 Days Ago

Housing Prices in Norway, NY

How much do homes in Norway, NY cost?

Median List Price

$239,000

$100/sqft

Based on all homes listed in the last 12 months.

Difference Since May 2023

-$86,000(-26.5%)

Key Takeaway

The list price of homes in Norway has decreased by 26.5% since last year.

Summary: The median home list price in Norway was $239,000 in May 2024, down 26.5% from the previous year, and the median price per square foot was $100.

Median List Price By Bedroom Count

# BEDS# BEDROOMS	May 2023	May 2024	CHANGE
1 Bedroom	-	-	N/A
2 Bedrooms	$359.9K	$200K	-44.4%
3 Bedrooms	$337.4K	$325K	-3.7%
4 Bedrooms	$232.4K	$244.4K	+5.2%
5+ Bedrooms	-	$39K	N/A

Summary: Norway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 44.4%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Cities

CITY	May 2023	May 2024	CHANGE
Fairfield	$180K	$187.4K	+4.1%
Ohio	$213.4K	$217K	+1.7%
Salisbury	$197.2K	$152.5K	-22.7%
Norway	$325K	$239K	-26.5%

Housing Supply in Norway, NY

How many homes are available in Norway, NY?

Number of Homes For Sale

Apr 2024	May 2024	CHANGE
1	1	0.0%

Summary: The Norway real estate market had 1 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDS# BEDROOMS	Apr 2024	May 2024	CHANGE
1 Bedroom	0	0	0.0%
2 Bedrooms	0	0	0.0%
3 Bedrooms	1	1	0.0%
4 Bedrooms	0	0	0.0%
5+ Bedrooms	0	0	0.0%

Summary: The Norway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for Norway, NY

How long does it take to sell a home in Norway, NY?

Average Listing Age

May 2023	May 2024	CHANGE
732 Days	1,747 Days	+138.7%

Summary: Homes in Norway had an average listing age of 1,747 days in May 2024, up by 138.7% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

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Newest Listings in Norway, NY

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MLS Disclaimers and Copyright

Based on information from New York State Alliance of MLS for the period 06/01/2022 - 06/01/2024

IDX The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 6/9/2024, 9:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.