$3,503 Closing Credit*
$295,000
1,924 SqFt
3 Beds
•2 Full Baths
#50163399, KAMI ROSSLER, Listing Office: STEPHENS REAL ESTATE
Is Norway Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Norway Township has remained a Neutral Market.
Key Takeaway
Norway 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 Norway Township, MI
How much do homes in Norway Township, MI cost?
Median Sold Price
$212,500
$166/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$49,500(+30.4%)
Key Takeaway
Homes in Norway Township have sold for 30.4% more than they did a month ago.
Summary: The median home sold price in Norway Township was $212,500 in November 2024, up 30.4% from last month, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130K | - | N/A |
| 3 Bedrooms | $163K | $243K | +49.1% |
| 4 Bedrooms | $374.9K | $164.5K | -56.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Norway Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 49.1%, 4 bedroom homes decreased by 56.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Norway | $146.5K | $288.5K | +96.9% |
| Norway Township | $163K | $212.5K | +30.4% |
| Vulcan | $374.9K | $243K | -35.2% |
Housing Supply in Norway Township, MI
How many homes are available in Norway Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Summary: The Norway Township real estate market had 24 homes for sale in November 2024, a 20.0% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 8 | 14 | +75.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Norway 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 remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norway Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Norway Township in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Norway Township, MI
How long does it take to sell a home in Norway Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 41 Days | +56.6% |
Summary: Homes in Norway Township had an average of 41 days on market in Nov 2024, up by 56.6% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Norway Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Norway Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.