Is Norwich Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Norwich Township has remained a Seller's Market.
Housing Prices in Norwich Township, OH
How much do homes in Norwich Township, OH cost?
Median Sold Price
$400,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Norwich Township was $400,000 in April 2024, up 3.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.9K | - | N/A |
2 Bedrooms | $265K | $294K | +10.9% |
3 Bedrooms | $331.2K | $337.4K | +1.9% |
4 Bedrooms | $449.9K | $475K | +5.6% |
5+ Bedrooms | $560K | $575K | +2.7% |
Summary: Norwich Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
Washington Township | $347.4K | $380K | +9.4% |
Upper Arlington | $532.1K | $575K | +8.0% |
Columbus | $260K | $279.6K | +7.6% |
Norwich Township | $385.7K | $400K | +3.7% |
Hilliard | $356.2K | $365K | +2.5% |
Housing Supply in Norwich Township, OH
How many homes are available in Norwich Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
84 | 103 | +22.6% |
Summary: The Norwich Township real estate market had 103 homes for sale in April 2024, a 22.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 13 | +160.0% |
3 Bedrooms | 37 | 45 | +21.6% |
4 Bedrooms | 36 | 38 | +5.6% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Norwich Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 160%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 27 | -6.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Norwich Township in April 2024, down by 6.9% month-over-month. Of the 27 sold homes, 22% were sold under asking, 19% were sold at asking, and 59% were sold over asking.
Days on Market for Norwich Township, OH
How long does it take to sell a home in Norwich Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 8 Days | -37.3% |
Summary: Homes in Norwich Township had an average of 8 days on market in Apr 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Norwich Township; 96% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.