Is Norwood Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Norwood Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Norwood Township has remained a Seller's Market.

Key Takeaway

Norwood Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Norwood Township, MO

How much do homes in Norwood Township, MO cost?

Median Sold Price

$65,781

$70/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$13,179(-16.7%)

Key Takeaway

Homes in Norwood Township have sold for 16.7% less than they did a year ago.

Summary: The median home sold price in Norwood Township was $65,781 in April 2024, down 16.7% from last year, and the median price per square foot was $70.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $39.7K$28.4K
-28.4%
2 $55K$57K
+3.6%
3 $100K$76.7K
-23.3%
4 $120K$94.3K
-21.4%
5+ $180K$80K
-55.6%

Summary: Norwood Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.4%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 23.3%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 55.6%.

Median Sold Price Compared To Nearby Cities

Country Club Hills
+13.0%
Jennings
0.1%
Dellwood
-2.7%
Norwood Township
-16.7%
Ferguson
-20.8%

Housing Supply in Norwood Township, MO

How many homes are available in Norwood Township, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
139140+0.7%

Summary: The Norwood Township real estate market had 140 homes for sale in April 2024, a 0.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 31
-66.7%
2 5449
-9.3%
3 6474
+15.6%
4 1413
-7.1%
5+ 43
-25.0%

Summary: The Norwood Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4126-36.6%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norwood Township, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Norwood Township in April 2024, down by 36.6% month-over-month. Of the 26 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.

Days on Market for Norwood Township, MO

How long does it take to sell a home in Norwood Township, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
41 Days75 Days+81.0%

Summary: Homes in Norwood Township had an average of 75 days on market in Apr 2024, up by 81% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 26 homes were sold in Norwood Township; 46% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 38% 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 18 Days Ago

Newest Listings in Norwood Township, MO

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