Is Norway, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Norway has remained a Seller's Market.
Key Takeaway
Norway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norway, WI
How much do homes in Norway, WI cost?
Median Sold Price
$450,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Norway have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Norway was $450,000 in May 2024, up 1.9% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $219.5K | $354.5K | +61.5% |
| 3 Bedrooms | $422.5K | $392.5K | -7.1% |
| 4 Bedrooms | $485K | $614.5K | +26.7% |
| 5+ Bedrooms | $657.5K | $650.5K | -1.1% |
Summary: Norway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 61.5%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 1.1%.
Housing Supply in Norway, WI
How many homes are available in Norway, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 30 | +30.4% |
Summary: The Norway real estate market had 30 homes for sale in May 2024, a 30.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Norway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norway, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Norway in May 2024, up by 125.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Norway, WI
We’re sorry, we don't have information for this market at the moment
