Is Norwich Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Norwich Township is a seller's market

Buyer's
Market

Difference Since May 2021

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.

How much do homes in Norwich Township, OH cost?

Median Sold Price

$338,400

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$36,860(+12.2%)

Key Takeaway

Homes in Norwich Township have sold for 12.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $145.9K$367.4K
+151.7%
2 $220.5K$226.5K
+2.7%
3 $263.8K$290K
+9.9%
4 $364.1K$415K
+14.0%
5+ $450K$516K
+14.7%

Median Sold Price Compared To Nearby Cities

Upper Arlington
+14.0%
Hilliard
+12.3%
Norwich Township
+12.2%
Dublin
+10.8%
Washington Township
0.0%

How many homes are available in Norwich Township, OH?

Number of Homes For Sale

Apr 2022May 2022%
85102+20.0%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 59
+80.0%
3 4547
+4.4%
4 3140
+29.0%
5+ 46
+50.0%

Number of Homes Sold

Apr 2022May 2022%
3042+40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norwich Township, you could pay more than the asking price. 73.8% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
8 Days4 Days-50.7%

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Norwich Township, OH

Number of homes for sale in Norwich Township, OH real estate market have reached 102. Between April 2022 and May 2022, Norwich Township, OH real estate market has seen increase in the number of listings by 20%. While the average time on the market in May 2022 was 4 days, the median list price was $338,400. Real estate listing prices changed between April 2022 and May 2022: 1 bedroom properties became 151.7% more expensive, prices of 2 bedrooms properties increased by 2.7%, prices of 3 bedrooms properties went up by 9.9%, prices of 4 bedrooms properties went up by 14%, 5 bedrooms properties prices increased by 14.7%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 80%, 3 bedrooms homes inventory increased by 4.4%, volume of 4 bedrooms homes went up by 29%, volume of 5 bedrooms homes went up by 50%. Over 31 listings were sold over their listed price in May 2022 in Norwich Township, OH. In the same period over 2 listings were sold below the listed price and 9 listings were sold for the listed price.

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