Is Norton, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Norton is a seller's market

Buyer's
Market

Difference Since September 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

$235,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$20,000(-7.8%)

Key Takeaway

Homes in Norton have sold for 7.8% less than they did a year ago.

Summary: The median home sold price in Norton was $235,000 in September 2024, down 7.8% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $169.3K$190K
+12.2%
3 $234.9K$221.2K
-5.8%
4 $298.7K$329.9K
+10.4%
5+ $340.4K$365K
+7.2%

Summary: Norton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Cities

Copley Township
+12.3%
Barberton
+11.8%
Chippewa Township
+11.6%
New Franklin
+11.1%
Norton
-7.8%

Housing Supply in Norton, OH

How many homes are available in Norton, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4440-9.1%

Summary: The Norton real estate market had 40 homes for sale in September 2024, a 9.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 61
-83.3%
3 2627
+3.8%
4 98
-11.1%
5+ 34
+33.3%

Summary: The Norton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 83.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
197-63.2%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norton, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Norton in September 2024, down by 63.2% month-over-month. Of the 7 sold homes, 0% were sold under asking, 71% were sold at asking, and 29% 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

Sep 2023Sep 2024CHANGE
26 Days20 Days-23.5%

Summary: Homes in Norton had an average of 20 days on market in Sep 2024, down by 23.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Norton are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Norton; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Norton, OH

Nearby Markets to Norton, OH

What housing markets are near Norton, OH?