Is Norwood Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Norwood Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Norwood Township has remained a Seller's Market.

Key Takeaway

Norwood Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Norwood Township, MO

How much do homes in Norwood Township, MO cost?

Median Sold Price

$79,933

$80/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,933(+23.0%)

Key Takeaway

Homes in Norwood Township have sold for 23% more than they did a year ago.

Summary: The median home sold price in Norwood Township was $79,933 in October 2024, up 23% from last year, and the median price per square foot was $80.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $20K$27K
+35.0%
2 $54.9K$59.5K
+8.3%
3 $80.5K$93.1K
+15.7%
4 $89K$125K
+40.4%
5+ $180K$120K
-33.3%

Summary: Norwood Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 40.4%, and 5+ bedroom homes decreased by 33.3%.

Median Sold Price Compared To Nearby Cities

Jennings
+23.5%
Norwood Township
+23.0%
Ferguson
+7.8%
Dellwood
-9.1%

Housing Supply in Norwood Township, MO

How many homes are available in Norwood Township, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
132158+19.7%

Summary: The Norwood Township real estate market had 158 homes for sale in October 2024, a 19.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 5061
+22.0%
3 6980
+15.9%
4 1013
+30.0%
5+ 22
0.0%

Summary: The Norwood Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3429-14.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norwood Township, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Norwood Township in October 2024, down by 14.7% month-over-month. Of the 27 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% were sold over asking.

Days on Market for Norwood Township, MO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days29 Days0.2%

Summary: Homes in Norwood Township had an average of 29 days on market in Oct 2024, up by 0.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Norwood Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 29 homes were sold in Norwood Township; 55% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

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

Report Updated 16 Days Ago

Newest Listings in Norwood Township, MO

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