Is Norton, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Norton has remained a Seller's Market.
Key Takeaway
Norton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norton, OH
How much do homes in Norton, OH cost?
Median Sold Price
$234,900
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Norton have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Norton was $234,900 in March 2024, down 3.7% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | - | N/A |
| 2 Bedrooms | $165K | $162.5K | -1.5% |
| 3 Bedrooms | $225K | $219.9K | -2.3% |
| 4 Bedrooms | $295K | $275K | -6.8% |
| 5+ Bedrooms | $363.5K | $204K | -43.9% |
Summary: Norton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 43.9%.
Median Sold Price Compared To Nearby Cities
| Barberton | $134.6K | $150K | +11.4% |
| Copley Township | $289K | $320K | +10.7% |
| Chippewa Township | $250K | $266K | +6.4% |
| New Franklin | $221.5K | $232K | +4.7% |
| Norton | $243.8K | $234.9K | -3.7% |
Housing Supply in Norton, OH
How many homes are available in Norton, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Norton real estate market had 18 homes for sale in March 2024, a 5.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 8 | 4 | -50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Norton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Norton in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Norton, OH
How long does it take to sell a home in Norton, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 63 Days | 33 Days | -47.2% |
Summary: Homes in Norton had an average of 33 days on market in Mar 2024, down by 47.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Norton; 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.
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