New - 5 hours on Rocket
$2,719 Closing Credit¹
Jenny Farrell, Listing Office: RE/MAX Concepts
Norwalk Housing Market Report December 2024•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 Neutral Market
Difference Since December 2023
Since last year, Norwalk has remained a Neutral Market.
Insight
Norwalk is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$336,998$238/SqFt
+$18,998
+6.0%
Based on all homes sold in the last 12 months
Insight
Homes in Norwalk have sold for 6% more than they did a year ago.
Summary: The median home sold price in Norwalk was $336,998 in December 2024, up 6% from last year, and the median price per square foot was $238.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Greenfield Township | $297K | $329.9K | +11.1% |
| Linn Township | $318K | $344.9K | +8.5% |
| Norwalk | $318K | $336.9K | +6.0% |
| Bloomfield Township | $205.4K | $215.9K | +5.1% |
| Cumming | $533.5K | $543K | +1.8% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $218.2K | $205K | -6.1% |
| 33 Bedrooms | $274.9K | $297K | +8.0% |
| 44 Bedrooms | $386K | $365.5K | -5.3% |
| 55+ Bedrooms | $580K | $548K | -5.5% |
Summary: Norwalk housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -6.1%. The home price for 3 bedroom homes increased by +8.0%. The home price for 4 bedroom homes decreased by -5.3%. The home price for 5 bedroom homes decreased by -5.5%.
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 |
|---|---|---|
| 165Last MonthDec 2024 | ||
| 1742 months agoNov 2024 | -5.2 % Change MoMNov – Dec |
Summary: The Norwalk real estate market had 165 homes for sale in Dec 2024, a 5.2 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 24Last MonthDec 2024 | ||
| 242 months agoNov 2024 | 0.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 5 | +25.0% |
| 33 Bedrooms | 81 | 83 | +2.5% |
| 44 Bedrooms | 63 | 54 | -14.3% |
| 55+ Bedrooms | 26 | 23 | -11.5% |
Summary: Norwalk housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +25.0%. The inventory for 3 bedroom homes increased by +2.5%. The inventory for 4 bedroom homes decreased by -14.3%. The inventory for 5 bedroom homes decreased by -11.5%.
Asking Price vs. Sold Price
How much do homes in Norwalk, IA cost?
Over Asking Price4 Homes
At Asking Price9 Homes
Under Asking Price11 Homes
Insight
If you're buying a home in Norwalk, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Norwalk in December 2024, the same as the previous month. Of the 24 sold homes, 46% were sold under asking, 38% were sold at asking, and and 17% 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 Days13 Homes
30 – 90 Days4 Homes
Over 90 Days7 Homes
Insight
Many homes in Norwalk are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 24 homes were sold in Norwalk; 54% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 69 DaysThis YearDec 2024 | ||
| 64 Days1 year agoDec 2023 | +9.0 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Norwalk had an average listing age of 69 days in Dec 2024, up by 9.0% compared to the previous year.
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Newest Listings in Norwalk, IA
What homes are available in Norwalk, IA?
New - 1 day on Rocket
$7,422 Closing Credit¹
Andrew Bruellman, Listing Office: RE/MAX Concepts
New - 2 days on Rocket
$3,681 Closing Credit¹
Julie Larson, Listing Office: LPT Realty, LLC
New - 3 days on Rocket
$4,607 Closing Credit¹
Kathryn Greer, Listing Office: DRH Realty of Iowa, LLC
New - 4 days on Rocket
$4,453 Closing Credit¹
Bonnie Christensen, Listing Office: RE/MAX Precision
New - 4 days on Rocket
Timothy Schutte, Listing Office: EXIT Realty & Associates
New - 7 days on Rocket
$3,681 Closing Credit¹
Bergman, Scot, Listing Office: Agency Iowa
$6,816 Closing Credit¹
Nicole McGlothlin, Listing Office: Century 21 Signature
$3,503 Closing Credit¹
Laurry Wailes, Listing Office: The American Real Estate Co.
$2,613 Closing Credit¹
Timothy Schutte, Listing Office: EXIT Realty & Associates
$3,646 Closing Credit¹
Tammy Heckart, Listing Office: RE/MAX Concepts
$2,730 Closing Credit¹
Amy Simpson, Listing Office: Century 21 Signature
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MLS Disclaimers and Copyright
Based on information from Des Moines MLS, for the period 01/01/2023 - 01/01/2025
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: 1/17/2025, 10:20:55 PM 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: 1/17/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.