Is Norwalk Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Norwalk Township has remained a Seller's Market.
Housing Prices in Norwalk Township, OH
How much do homes in Norwalk Township, OH cost?
Median Sold Price
$175,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Norwalk Township was $175,000 in May 2024, down 2.7% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $122.5K | $115K | -6.1% |
3 Bedrooms | $172K | $179.5K | +4.4% |
4 Bedrooms | $255K | $199.9K | -21.6% |
5+ Bedrooms | $196K | $138.6K | -29.3% |
Summary: Norwalk Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 21.6%, and 5+ bedroom homes decreased by 29.3%.
Median Sold Price Compared To Nearby Cities
Norwalk | $179.5K | $175K | -2.5% |
Norwalk Township | $179.9K | $175K | -2.7% |
Housing Supply in Norwalk Township, OH
How many homes are available in Norwalk Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 71 | +31.5% |
Summary: The Norwalk Township real estate market had 71 homes for sale in May 2024, a 31.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 28 | 36 | +28.6% |
4 Bedrooms | 17 | 25 | +47.1% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Norwalk Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Norwalk Township in May 2024, up by 33.3% month-over-month. Of the 16 sold homes, 19% were sold under asking, 25% were sold at asking, and 56% were sold over asking.
Days on Market for Norwalk Township, OH
How long does it take to sell a home in Norwalk Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 56 Days | +44.2% |
Summary: Homes in Norwalk Township had an average of 56 days on market in May 2024, up by 44.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Norwalk Township; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.