$3,444 Closing Credit*
$289,990
1,249 SqFt
3 Beds
•1 Full Bath
Rob Burditt, Listing Office: Hubbell Homes of Iowa, LLC
Is Norwalk Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Norwalk Township was a Neutral Market.
Key Takeaway
Norwalk Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Norwalk Township, IA
How much do homes in Norwalk Township, IA cost?
Median Sold Price
$334,990
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,325(+5.1%)
Key Takeaway
Homes in Norwalk Township have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Norwalk Township was $334,990 in November 2024, up 5.1% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210.7K | $205K | -2.7% |
| 3 Bedrooms | $281K | $295.8K | +5.3% |
| 4 Bedrooms | $392.5K | $366K | -6.8% |
| 5+ Bedrooms | $615.6K | $531.2K | -13.7% |
Summary: Norwalk Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 13.7%.
Housing Supply in Norwalk Township, IA
How many homes are available in Norwalk Township, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 172 | 174 | +1.2% |
Summary: The Norwalk Township real estate market had 174 homes for sale in November 2024, a 1.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 88 | 88 | 0.0% |
| 4 Bedrooms | 56 | 59 | +5.4% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Norwalk Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwalk Township, expect to pay close to the asking price. 39.1% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in Norwalk Township in November 2024, down by 11.5% month-over-month. Of the 23 sold homes, 35% were sold under asking, 39% were sold at asking, and 26% were sold over asking.
Days on Market for Norwalk Township, IA
How long does it take to sell a home in Norwalk Township, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 85 Days | 89 Days | +4.4% |
Summary: Homes in Norwalk Township had an average of 89 days on market in Nov 2024, up by 4.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norwalk Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in Norwalk Township; 61% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
