$2,553 Closing Credit*
$215,000
1,500 SqFt
4 Beds
•2 Full Baths
Stephanie Webb, Listing Office: Keller Williams Legacy Group Realty
Is Norwalk, OH 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, Norwalk has remained a Seller's Market.
Key Takeaway
Norwalk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norwalk, OH
How much do homes in Norwalk, OH cost?
Median Sold Price
$190,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,500(+5.8%)
Key Takeaway
Homes in Norwalk have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Norwalk was $190,000 in November 2024, up 5.8% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $113.4K | $176K | +55.2% |
| 3 Bedrooms | $191.5K | $180K | -6.0% |
| 4 Bedrooms | $213.2K | $220K | +3.2% |
| 5+ Bedrooms | $140K | $321K | +129.3% |
Summary: Norwalk 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 increased by 55.2%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 129.3%.
Median Sold Price Compared To Nearby Cities
| Norwalk | $179.5K | $190K | +5.8% |
| Norwalk Township | $180K | $190K | +5.6% |
Housing Supply in Norwalk, OH
How many homes are available in Norwalk, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 63 | -6.0% |
Summary: The Norwalk real estate market had 63 homes for sale in November 2024, a 6.0% 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 | 10 | 7 | -30.0% |
| 3 Bedrooms | 32 | 31 | -3.1% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Norwalk 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 30%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwalk, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Norwalk in November 2024, up by 25.0% month-over-month. Of the 20 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Norwalk, OH
How long does it take to sell a home in Norwalk, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 36 Days | -18.3% |
Summary: Homes in Norwalk had an average of 36 days on market in Nov 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Norwalk are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Norwalk; 55% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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