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Norwalk Housing Market Report May 2025•Warren County, Iowa
Housing Prices in Norwalk, IA
How much do homes in Norwalk, IA cost?
Housing Market Conditions
Is Norwalk, IA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Norwalk is a Seller's Market
Difference Since May 2024
Since last year, Norwalk has remained a Seller's Market.
Insight
Norwalk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$337,207$239/SqFt
+$7,607
+2.3%
Based on all homes sold in the last 12 months
Insight
Homes in Norwalk have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Norwalk was $337,207 in May 2025, up 2.3% from last year, and the median price per square foot was $239.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Cumming | $519.9K | $578.4K | +11.3% |
| Greenfield Township | $305K | $330K | +8.2% |
| Norwalk | $329.6K | $337.2K | +2.3% |
| Linn Township | $330.8K | $336.2K | +1.6% |
| Bloomfield Township | $220K | $215.1K | -2.2% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $205K | $214K | +4.4% |
| 33 Bedrooms | $275.7K | $294K | +6.6% |
| 44 Bedrooms | $382.4K | $369.9K | -3.3% |
| 55+ Bedrooms | $546.1K | $522.4K | -4.3% |
Summary: Norwalk housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +4.4%. The home price for 3 bedroom homes increased by +6.6%. The home price for 4 bedroom homes decreased by -3.3%. The home price for 5 bedroom homes decreased by -4.3%.
How does Norwalk, IA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Norwalk, IA
Housing supply in Norwalk, IA
How many homes are available in Norwalk, IA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 194Last MonthMay 2025 | ||
| 2092 months agoApr 2025 | -7.2 % Change MoMApr – May |
Summary: The Norwalk real estate market had 194 homes for sale in May 2025, a 7.2 % decrease compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 36Last MonthMay 2025 | ||
| 372 months agoApr 2025 | -2.7 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 8 | 13 | +62.5% |
| 33 Bedrooms | 104 | 95 | -8.7% |
| 44 Bedrooms | 70 | 65 | -7.1% |
| 55+ Bedrooms | 27 | 21 | -22.2% |
Summary: Norwalk housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +62.5%. The inventory for 3 bedroom homes decreased by -8.7%. The inventory for 4 bedroom homes decreased by -7.1%. The inventory for 5 bedroom homes decreased by -22.2%.
Asking Price vs. Sold Price
How much do homes in Norwalk, IA cost?
Over Asking Price4 Homes
At Asking Price10 Homes
Under Asking Price22 Homes
Insight
If you're buying a home in Norwalk, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Norwalk in May 2025, down by 2.7% month-over-month. Of the 36 sold homes, 61% were sold under asking, 28% were sold at asking, and and 11% were sold over asking.
Days on Market for Norwalk, IA
How long does it take to sell a home in Norwalk, IA?
Breakdown of Home Sale Times
Under 30 Days16 Homes
30 – 90 Days8 Homes
Over 90 Days12 Homes
Insight
Many homes in Norwalk are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 36 homes were sold in Norwalk; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 71 DaysThis YearMay 2025 | ||
| 108 Days1 year agoMay 2024 | -34.1 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Norwalk had an average listing age of 71 days in May 2025, down by 34.1% compared to the previous year.
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Newest Listings in Norwalk, IA
What homes are available in Norwalk, IA?
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MLS Disclaimers and Copyright
Based on information from Des Moines MLS, for the period 06/01/2023 - 06/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/6/2025, 3:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/6/2025, 3:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.