$17,900
0.22 Acres
Land
John Cammarata, Listing Office: Howard Hanna
Is North Norwich, NY 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, North Norwich has remained a Seller's Market.
Key Takeaway
North Norwich is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Norwich, NY
How much do homes in North Norwich, NY cost?
Median Sold Price
$76,500
$44/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$189,500(-71.2%)
Key Takeaway
Homes in North Norwich have sold for 71.2% less than they did a month ago.
Summary: The median home sold price in North Norwich was $76,500 in November 2024, down 71.2% from last month, and the median price per square foot was $44.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $150K | - | N/A |
| 4 Bedrooms | $382K | $76.5K | -80.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: North Norwich 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 did not change, 4 bedroom homes decreased by 80%, and 5+ bedroom homes did not change.
Housing Supply in North Norwich, NY
How many homes are available in North Norwich, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Summary: The North Norwich real estate market had 3 homes for sale in November 2024, a 50.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 0 | -100.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Norwich 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 decreased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Norwich, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in North Norwich in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for North Norwich, NY
How long does it take to sell a home in North Norwich, NY?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 7 Days | -91.3% |
Summary: Homes in North Norwich had an average of 7 days on market in Nov 2024, down by 91.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Norwich are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in North Norwich; 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.
