$2,789 Closing Credit*
$234,900
1,463 SqFt
3 Beds
•2 Full Baths, 1 Partial
Brandy Laiblin, Listing Office: RE/MAX Revolution
Is Norwalk Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Norwalk Township was a Seller's Market.
Key Takeaway
Norwalk Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Norwalk Township, IA
How much do homes in Norwalk Township, IA cost?
Median Sold Price
$334,960
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,960(+5.3%)
Key Takeaway
Homes in Norwalk Township have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Norwalk Township was $334,960 in October 2024, up 5.3% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $216.5K | $211K | -2.5% |
| 3 Bedrooms | $274.5K | $300K | +9.3% |
| 4 Bedrooms | $399.9K | $367.3K | -8.1% |
| 5+ Bedrooms | $620.5K | $514.3K | -17.1% |
Summary: Norwalk Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 17.1%.
Housing Supply in Norwalk Township, IA
How many homes are available in Norwalk Township, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 174 | 164 | -5.7% |
Summary: The Norwalk Township real estate market had 164 homes for sale in October 2024, a 5.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 87 | 85 | -2.3% |
| 4 Bedrooms | 59 | 56 | -5.1% |
| 5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Norwalk Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 24 | -14.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwalk Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Norwalk Township in October 2024, down by 14.3% month-over-month. Of the 24 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 92 Days | 129 Days | +40.3% |
Summary: Homes in Norwalk Township had an average of 129 days on market in Oct 2024, up by 40.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Norwalk Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 24 homes were sold in Norwalk Township; 17% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 54% of homes were sold over 90 days.
