Is Norwood, NC 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 has remained a Seller's Market.
Key Takeaway
Norwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norwood, NC
How much do homes in Norwood, NC cost?
Median Sold Price
$267,700
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Norwood have sold for 12% more than they did a year ago.
Summary: The median home sold price in Norwood was $267,700 in April 2024, up 12% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $379.9K | - | N/A |
| 2 Bedrooms | $165K | $232.5K | +40.9% |
| 3 Bedrooms | $245.5K | $250K | +1.8% |
| 4 Bedrooms | $326.7K | $567.5K | +73.7% |
| 5+ Bedrooms | $1.6M | $1.3M | -14.1% |
Summary: Norwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 73.7%, and 5+ bedroom homes decreased by 14.1%.
Median Sold Price Compared To Nearby Cities
| Norwood | $239K | $267.7K | +12.0% |
| Center Township | $246.7K | $260K | +5.4% |
Housing Supply in Norwood, NC
How many homes are available in Norwood, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Summary: The Norwood real estate market had 37 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 1 | 5 | +400.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Norwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 21.1%, 4 bedroom homes increased by 400%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Norwood, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Norwood in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Norwood, NC
How long does it take to sell a home in Norwood, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 36 Days | +414.3% |
Summary: Homes in Norwood had an average of 36 days on market in Apr 2024, up by 414.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Norwood; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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