$269,000
9.82 Acres
Land
Josh Hunt, Listing Office: Snyder Donegan Real Estate Group
Is Norwich, VT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Norwich was a Neutral Market.
Key Takeaway
Norwich is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norwich, VT
How much do homes in Norwich, VT cost?
Median Sold Price
$645,000
$392/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$750,000(-53.8%)
Key Takeaway
Homes in Norwich have sold for 53.8% less than they did a month ago.
Summary: The median home sold price in Norwich was $645,000 in November 2024, down 53.8% from last month, and the median price per square foot was $392.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $645K | N/A |
| 4 Bedrooms | $1.3M | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 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 did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lebanon | $505K | $460K | -8.9% |
| Hanover | $887K | $663.5K | -25.2% |
| Norwich | $1.3M | $645K | -53.8% |
Housing Supply in Norwich, VT
How many homes are available in Norwich, VT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Norwich real estate market had 6 homes for sale in November 2024, a 14.3% 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 | 3 | 3 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 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 remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwich, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Norwich in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Norwich, VT
We’re sorry, we don't have information for this market at the moment
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