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 November 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

$82,026

$79/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,026(+26.2%)

Key Takeaway

Homes in Norwood Township have sold for 26.2% more than they did a year ago.

Summary: The median home sold price in Norwood Township was $82,026 in November 2024, up 26.2% from last year, and the median price per square foot was $79.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $20K$27K
+35.0%
2 $55K$60K
+9.1%
3 $79K$97.3K
+23.2%
4 $113K$110K
-2.7%
5+ $180K$130K
-27.8%

Summary: Norwood Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 23.2%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 27.8%.

Median Sold Price Compared To Nearby Cities

Jennings
+26.9%
Norwood Township
+26.2%
Ferguson
+10.0%
Dellwood
+6.8%

Housing Supply in Norwood Township, MO

How many homes are available in Norwood Township, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
152161+5.9%

Summary: The Norwood Township real estate market had 161 homes for sale in November 2024, a 5.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 5559
+7.3%
3 7680
+5.3%
4 1618
+12.5%
5+ 21
-50.0%

Summary: The Norwood 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 increased by 7.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3233+3.1%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

10 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. 48.5% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Norwood Township in November 2024, up by 3.1% month-over-month. Of the 33 sold homes, 48% were sold under asking, 21% were sold at asking, and 30% 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

Nov 2023Nov 2024CHANGE
53 Days27 Days-48.2%

Summary: Homes in Norwood Township had an average of 27 days on market in Nov 2024, down by 48.2% compared to last year.

Breakdown of Home Sale Times

22 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 November 2024, 33 homes were sold in Norwood Township; 67% of homes were sold within 30 days, 30% 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 17 Days Ago

Newest Listings in Norwood Township, MO

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