Norwalk, IA
Housing market overview · Updated weekly
$370,000median sale price
Homes sold
20
Last 12 weeks
Days on market
120
Average pace
Active listings
134
6.7 months supply
Sale-to-list
98.8%
Below asking
The Norwalk housing market is currently classified as a buyer's market with a median sale price of $370,000. Prices have risen 39.6% compared to last year, with homes spending an average of 120 days on market, indicating 6.7 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Norwalk?
The median home sale price in Norwalk is $370,000, up 39.6% from last year.
How long do homes stay on market in Norwalk?
Homes typically spend 120 days on market before going under contract.
Is Norwalk a buyer's or seller's market?
With 6.7 months of supply, Norwalk is currently a buyer's market.
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