$2,374 Closing Credit*
$199,900
1,336 SqFt
3 Beds
•2 Full Baths
John Sheppard, Listing Office: Key Realty
Is Norwalk, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$190,500
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$6,000(+3.3%)
Key Takeaway
Homes in Norwalk have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Norwalk was $190,500 in December 2024, up 3.3% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $114.5K | $176K | +53.7% |
| 3 Bedrooms | $195K | $182.5K | -6.4% |
| 4 Bedrooms | $217.5K | $218.4K | 0.4% |
| 5+ Bedrooms | $139.3K | $321K | +130.4% |
Summary: Norwalk housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 53.7%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 130.4%.
Median Sold Price Compared To Nearby Cities
| Ridgefield Township | $150K | $169.7K | +13.2% |
| Norwalk | $184.5K | $190.5K | +3.3% |
| Norwalk Township | $186.2K | $190K | +2.0% |
Housing Supply in Norwalk, OH
How many homes are available in Norwalk, OH?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 61 | 49 | -19.7% |
Summary: The Norwalk real estate market had 49 homes for sale in December 2024, a 19.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 31 | 24 | -22.6% |
| 4 Bedrooms | 18 | 14 | -22.2% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Norwalk housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 22.6%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 21 | 14 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwalk, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Norwalk in December 2024, down by 33.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 43 Days | 45 Days | +4.8% |
Summary: Homes in Norwalk had an average of 45 days on market in Dec 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Norwalk has remained consistent over time.
Summary: During December 2024, 14 homes were sold in Norwalk; 36% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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