Is Norwood Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Norwood Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $39.7K | $28.4K | -28.4% |
2 Bedrooms | $55K | $57K | +3.6% |
3 Bedrooms | $100K | $76.7K | -23.3% |
4 Bedrooms | $120K | $94.3K | -21.4% |
5+ Bedrooms | $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%.
Housing Supply in Norwood Township, MO
How many homes are available in Norwood Township, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
139 | 140 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 54 | 49 | -9.3% |
3 Bedrooms | 64 | 74 | +15.6% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 4 | 3 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 26 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 75 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
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.