Is Norwood, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Norwood was a Seller's Market.
Housing Prices in Norwood, NC
How much do homes in Norwood, NC cost?
Median Sold Price
$267,700
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Norwood was $267,700 in February 2024, up 24.5% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $242.4K | - | N/A |
2 Bedrooms | $170K | $185K | +8.8% |
3 Bedrooms | $229K | $250K | +9.2% |
4 Bedrooms | $326.7K | $550K | +68.3% |
5+ Bedrooms | $1.6M | $1.3M | -14.1% |
Summary: Norwood housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 68.3%, and 5+ bedroom homes decreased by 14.1%.
Median Sold Price Compared To Nearby Cities
Norwood | $215K | $267.7K | +24.5% |
Center Township | $239.9K | $275.4K | +14.8% |
Housing Supply in Norwood, NC
How many homes are available in Norwood, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
29 | 37 | +27.6% |
Summary: The Norwood real estate market had 37 homes for sale in February 2024, a 27.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 15 | 20 | +33.3% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Norwood housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Norwood in February 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Norwood, NC
How long does it take to sell a home in Norwood, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 31 Days | -22.6% |
Summary: Homes in Norwood had an average of 31 days on market in Feb 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Norwood; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.