$10,000 Closing Credit*
$995,000
3,450 SqFt
5 Beds
•3 Full Baths, 1 Partial
#1898794, Allison Aron, Listing Office: Epique Realty
Is Norway, WI 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, Norway has remained a Seller's Market.
Key Takeaway
Norway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norway, WI
How much do homes in Norway, WI cost?
Median Sold Price
$450,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-2.2%)
Key Takeaway
Homes in Norway have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Norway was $450,000 in November 2024, down 2.2% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $297.7K | N/A |
| 2 Bedrooms | $299.9K | $321K | +7.0% |
| 3 Bedrooms | $420K | $415K | -1.2% |
| 4 Bedrooms | $575K | $702.5K | +22.2% |
| 5+ Bedrooms | $1.1M | $975K | -16.6% |
Summary: Norway 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 7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 16.6%.
Housing Supply in Norway, WI
How many homes are available in Norway, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 22 | -21.4% |
Summary: The Norway real estate market had 22 homes for sale in November 2024, a 21.4% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 21 | 14 | -33.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Norway 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 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norway, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Norway in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Norway, WI
We’re sorry, we don't have information for this market at the moment
