Is Norwich Township, OH 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, 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
$400,400
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Norwich Township was $400,400 in May 2024, up 4.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.9K | - | N/A |
2 Bedrooms | $270.5K | $300K | +10.9% |
3 Bedrooms | $324.9K | $338K | +4.0% |
4 Bedrooms | $450K | $470K | +4.4% |
5+ Bedrooms | $560K | $585.5K | +4.6% |
Summary: Norwich Township 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 increased by 10.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
Washington Township | $345K | $490.1K | +42.1% |
Columbus | $262.2K | $279.7K | +6.7% |
Norwich Township | $384K | $400.4K | +4.3% |
Hilliard | $353.2K | $365K | +3.4% |
Upper Arlington | $547K | $564.3K | +3.2% |
Housing Supply in Norwich Township, OH
How many homes are available in Norwich Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
91 | 114 | +25.3% |
Summary: The Norwich Township real estate market had 114 homes for sale in May 2024, a 25.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 42 | 55 | +31.0% |
4 Bedrooms | 33 | 40 | +21.2% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Norwich Township 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 increased by 14.3%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 42 | +44.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Norwich Township in May 2024, up by 44.8% month-over-month. Of the 42 sold homes, 24% were sold under asking, 17% were sold at asking, and 60% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 18 Days | +213.1% |
Summary: Homes in Norwich Township had an average of 18 days on market in May 2024, up by 213.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 42 homes were sold in Norwich Township; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.