Housing Prices in Norwood Township, MI

How much do homes in Norwood Township, MI cost?

Median List Price

$349,000

$186/sqft

Based on all homes listed in the last 12 months.

Difference Since May 2023

+$74,100(+27.0%)

Key Takeaway

The list price of homes in Norwood Township has increased by 27% since last year.

Summary: The median home list price in Norwood Township was $349,000 in May 2024, up 27% from the previous year, and the median price per square foot was $186.

Median List Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $304.4K$129.9K
-57.3%
3 $264.9K$349K
+31.7%
4 $324.2K$589K
+81.7%
5+ $409.9K$202.4K
-50.6%

Summary: Norwood Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 57.3%, 3 bedroom homes increased by 31.7%, 4 bedroom homes increased by 81.7%, and 5+ bedroom homes decreased by 50.6%.

Median List Price Compared To Nearby Cities

Norwood Township
+27.0%
Marion Township
+21.6%
Charlevoix Township
+6.6%
Banks Township
-13.8%

Housing Supply in Norwood Township, MI

How many homes are available in Norwood Township, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
24+100.0%

Summary: The Norwood Township real estate market had 4 homes for sale in May 2024, a 100.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 12
+100.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The Norwood Township housing inventory by bedroom type for May 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 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Days on Market for Norwood Township, MI

How long does it take to sell a home in Norwood Township, MI?

Average Listing Age

May 2023May 2024CHANGE
40 Days38 Days-4.7%

Summary: Homes in Norwood Township had an average listing age of 38 days in May 2024, down by 4.7% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

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Newest Listings in Norwood Township, MI

Nearby Markets to Norwood Township, MI

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MLS Disclaimers and Copyright

Based on information from Northern Michigan MLS for the period 06/01/2022 - 06/01/2024

IDX The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/4/2024, 6:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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