Is Norwalk, 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, Norwalk has remained a Seller's Market.
Housing Prices in Norwalk, OH
How much do homes in Norwalk, OH cost?
Median Sold Price
$172,450
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Norwalk was $172,450 in April 2024, up 1.4% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $122K | $114K | -6.6% |
3 Bedrooms | $168.9K | $177K | +4.8% |
4 Bedrooms | $249K | $200.5K | -19.5% |
5+ Bedrooms | $258K | $134.3K | -47.9% |
Summary: Norwalk 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 decreased by 6.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 47.9%.
Median Sold Price Compared To Nearby Cities
Norwalk | $170K | $172.4K | +1.4% |
Norwalk Township | $198K | $174.9K | -11.7% |
Housing Supply in Norwalk, OH
How many homes are available in Norwalk, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 54 | +12.5% |
Summary: The Norwalk real estate market had 54 homes for sale in April 2024, a 12.5% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 28 | 30 | +7.1% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Norwalk 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 50%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 12 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Norwalk in April 2024, down by 25.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Norwalk, OH
How long does it take to sell a home in Norwalk, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 51 Days | +64.0% |
Summary: Homes in Norwalk had an average of 51 days on market in Apr 2024, up by 64% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Norwalk; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.