Is Norwalk, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Norwalk has remained a Seller's Market.
Key Takeaway
Norwalk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norwalk, OH
How much do homes in Norwalk, OH cost?
Median Sold Price
$178,500
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in Norwalk has remained the same since last year.
Summary: The median home sold price in Norwalk was $178,500 in June 2024, down 0.3% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120.9K | $144.9K | +19.8% |
| 3 Bedrooms | $171.5K | $178.5K | +4.1% |
| 4 Bedrooms | $230K | $199.9K | -13.1% |
| 5+ Bedrooms | $195.5K | $138.6K | -29.1% |
Summary: Norwalk housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 29.1%.
Median Sold Price Compared To Nearby Cities
| Norwalk | $179K | $178.5K | -0.3% |
| Norwalk Township | $179K | $178.5K | -0.3% |
Housing Supply in Norwalk, OH
How many homes are available in Norwalk, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 67 | 71 | +6.0% |
Summary: The Norwalk real estate market had 71 homes for sale in June 2024, a 6.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 34 | 36 | +5.9% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Norwalk housing inventory by bedroom type for June 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 5.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwalk, you could pay more than the asking price. 45% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Norwalk in June 2024, up by 25.0% month-over-month. Of the 20 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% were sold over asking.
Days on Market for Norwalk, OH
How long does it take to sell a home in Norwalk, OH?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 37 Days | 43 Days | +18.3% |
Summary: Homes in Norwalk had an average of 43 days on market in Jun 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Norwalk has remained consistent over time.
Summary: During June 2024, 20 homes were sold in Norwalk; 30% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.