$4,548 Closing Credit*
$383,000
1,324 SqFt
3 Beds
•1 Full Bath, 1 Partial
Shannon Leo, Listing Office: Home Experts Realty
Is Norwich Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Norwich Township has remained a Seller's Market.
Key Takeaway
Norwich Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norwich Township, OH
How much do homes in Norwich Township, OH cost?
Median Sold Price
$402,666
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$9,500(+2.4%)
Key Takeaway
Homes in Norwich Township have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Norwich Township was $402,666 in August 2024, up 2.4% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.9K | - | N/A |
| 2 Bedrooms | $276.2K | $325K | +17.7% |
| 3 Bedrooms | $325K | $334K | +2.8% |
| 4 Bedrooms | $470K | $475K | +1.1% |
| 5+ Bedrooms | $587.5K | $547.5K | -6.8% |
Summary: Norwich Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Washington Township | $372.5K | $395K | +6.0% |
| Columbus | $265K | $279.7K | +5.5% |
| Hilliard | $355.6K | $373.2K | +4.9% |
| Upper Arlington | $550K | $569.3K | +3.5% |
| Norwich Township | $393.1K | $402.6K | +2.4% |
Housing Supply in Norwich Township, OH
How many homes are available in Norwich Township, OH?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 48 | 21 | -56.3% |
Summary: The Norwich Township real estate market had 21 homes for sale in August 2024, a 56.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 2 | -71.4% |
| 3 Bedrooms | 22 | 9 | -59.1% |
| 4 Bedrooms | 17 | 9 | -47.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Norwich Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 71.4%, 3 bedroom homes decreased by 59.1%, 4 bedroom homes decreased by 47.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 28 | 7 | -75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwich Township, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Norwich Township in August 2024, down by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for Norwich Township, OH
How long does it take to sell a home in Norwich Township, OH?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 16 Days | 72 Days | +334.2% |
Summary: Homes in Norwich Township had an average of 72 days on market in Aug 2024, up by 334.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Norwich Township has remained consistent over time.
Summary: During August 2024, 7 homes were sold in Norwich Township; 14% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 
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.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively 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. Copyright © 2024 DABR MLS. All Rights Reserved