Is Norton, OH 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, Norton has remained a Seller's Market.
Key Takeaway
Norton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norton, OH
How much do homes in Norton, OH cost?
Median Sold Price
$239,900
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Norton have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Norton was $239,900 in April 2024, down 2.9% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | - | N/A |
| 2 Bedrooms | $165.8K | $175K | +5.5% |
| 3 Bedrooms | $225.6K | $223.5K | -0.9% |
| 4 Bedrooms | $294.1K | $279.9K | -4.8% |
| 5+ Bedrooms | $346K | $419.5K | +21.2% |
Summary: Norton 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 5.5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
| Copley Township | $287.3K | $320K | +11.3% |
| Barberton | $135K | $150K | +11.1% |
| Chippewa Township | $250.5K | $265.5K | +6.0% |
| New Franklin | $225K | $235K | +4.4% |
| Norton | $247.1K | $239.9K | -2.9% |
Housing Supply in Norton, OH
How many homes are available in Norton, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 28 | +40.0% |
Summary: The Norton real estate market had 28 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 12 | 18 | +50.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Norton 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 increased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norton, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Norton in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for Norton, OH
How long does it take to sell a home in Norton, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 40 Days | +30.1% |
Summary: Homes in Norton had an average of 40 days on market in Apr 2024, up by 30.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Norton; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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