Is Norwood Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Norwood Township has remained a Seller's Market.
Housing Prices in Norwood Township, MO
How much do homes in Norwood Township, MO cost?
Median Sold Price
$68,130
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Norwood Township was $68,130 in May 2024, down 10.4% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $37K | $28.4K | -23.1% |
2 Bedrooms | $55K | $55K | -0.1% |
3 Bedrooms | $99.9K | $80K | -20.0% |
4 Bedrooms | $120K | $95.7K | -20.2% |
5+ Bedrooms | $290K | $73.9K | -74.5% |
Summary: Norwood Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 20.2%, and 5+ bedroom homes decreased by 74.5%.
Housing Supply in Norwood Township, MO
How many homes are available in Norwood Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
141 | 155 | +9.9% |
Summary: The Norwood Township real estate market had 155 homes for sale in May 2024, a 9.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 4 | +300.0% |
2 Bedrooms | 52 | 55 | +5.8% |
3 Bedrooms | 70 | 80 | +14.3% |
4 Bedrooms | 15 | 14 | -6.7% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Norwood Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 35 | +12.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Norwood Township in May 2024, up by 12.9% month-over-month. Of the 35 sold homes, 57% were sold under asking, 6% were sold at asking, and 37% were sold over asking.
Days on Market for Norwood Township, MO
How long does it take to sell a home in Norwood Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 43 Days | +57.1% |
Summary: Homes in Norwood Township had an average of 43 days on market in May 2024, up by 57.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in Norwood Township; 63% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.