$150,000
Land
Listing Office: RE/MAX Experience
Is Norwood Young America, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Norwood Young America has remained a Seller's Market.
Key Takeaway
Norwood Young America is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norwood Young America, MN
How much do homes in Norwood Young America, MN cost?
Median Sold Price
$283,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$750(+0.3%)
Key Takeaway
The sold price of homes in Norwood Young America has remained the same since last year.
Summary: The median home sold price in Norwood Young America was $283,000 in November 2024, up 0.3% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240.7K | $220K | -8.6% |
| 3 Bedrooms | $305.5K | $280K | -8.3% |
| 4 Bedrooms | $310K | $309.3K | -0.2% |
| 5+ Bedrooms | $725.5K | $434.5K | -40.1% |
Summary: Norwood Young America 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 8.6%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 40.1%.
Median Sold Price Compared To Nearby Cities
| Norwood Young America | $282.2K | $283K | 0.3% |
| Young America Township | $314.4K | $299.2K | -4.8% |
| Young America | $314K | $297K | -5.4% |
Housing Supply in Norwood Young America, MN
How many homes are available in Norwood Young America, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Summary: The Norwood Young America real estate market had 9 homes for sale in November 2024, a 30.8% decrease 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Norwood Young America 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 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Norwood Young America, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Norwood Young America in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Norwood Young America, MN
How long does it take to sell a home in Norwood Young America, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 12 Days | -58.3% |
Summary: Homes in Norwood Young America had an average of 12 days on market in Nov 2024, down by 58.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norwood Young America are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Norwood Young America; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
