Is Norwalk Township, 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 Township has remained a Seller's Market.
Housing Prices in Norwalk Township, OH
How much do homes in Norwalk Township, OH cost?
Median Sold Price
$174,900
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Norwalk Township was $174,900 in April 2024, down 11.7% 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 | $123K | $114K | -7.3% |
3 Bedrooms | $179.7K | $177K | -1.5% |
4 Bedrooms | $290K | $200.5K | -30.9% |
5+ Bedrooms | $367K | $138.6K | -62.2% |
Summary: Norwalk Township 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 7.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 30.9%, and 5+ bedroom homes decreased by 62.2%.
Median Sold Price Compared To Nearby Cities
Milan | $206K | $278K | +35.0% |
Norwalk | $170K | $172.4K | +1.4% |
Bronson Township | $279.9K | $270K | -3.5% |
Norwalk Township | $198K | $174.9K | -11.7% |
Housing Supply in Norwalk Township, OH
How many homes are available in Norwalk Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 55 | +12.2% |
Summary: The Norwalk Township real estate market had 55 homes for sale in April 2024, a 12.2% 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 | 14 | 16 | +14.3% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Norwalk Township 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 14.3%, 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 Township 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 Township, OH
How long does it take to sell a home in Norwalk Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 51 Days | +64.0% |
Summary: Homes in Norwalk Township 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 Township; 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.