Is Norwalk Township, 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, Norwalk Township has remained a Seller's Market.
Housing Prices in Norwalk Township, OH
How much do homes in Norwalk Township, OH cost?
Median Sold Price
$175,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Norwalk Township was $175,000 in March 2024, down 2.7% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | - | N/A |
2 Bedrooms | $122K | $115K | -5.7% |
3 Bedrooms | $174.5K | $180K | +3.2% |
4 Bedrooms | $285K | $200.5K | -29.6% |
5+ Bedrooms | $320K | $138.6K | -56.7% |
Summary: Norwalk Township 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 5.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 29.6%, and 5+ bedroom homes decreased by 56.7%.
Median Sold Price Compared To Nearby Cities
Ridgefield Township | $105K | $150K | +42.9% |
Norwalk | $167K | $175K | +4.8% |
Bronson Township | $279.9K | $280K | 0.0% |
Norwalk Township | $179.9K | $175K | -2.7% |
Housing Supply in Norwalk Township, OH
How many homes are available in Norwalk Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 45 | -4.3% |
Summary: The Norwalk Township real estate market had 45 homes for sale in March 2024, a 4.3% 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 | 4 | 2 | -50.0% |
3 Bedrooms | 31 | 25 | -19.4% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Norwalk Township 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 decreased by 50%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Norwalk Township in March 2024, the same as the previous month. Of the 15 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for Norwalk Township, OH
How long does it take to sell a home in Norwalk Township, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 43 Days | -31.3% |
Summary: Homes in Norwalk Township had an average of 43 days on market in Mar 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Norwalk Township; 40% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.