#719635, Al Tramontina, Listing office: RE/MAX Precision
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.
Norwalk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
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
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
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.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Norwalk, IA
What homes are available in Norwalk, IA?
Popular Cities with Homes for Sale in Iowa
- Homes for sale in Altoona, IA
- Homes for sale in Bondurant, IA
- Homes for sale in Ankeny, IA
- Homes for sale in Bettendorf, IA
- Homes for sale in Cedar Rapids, IA
- Homes for sale in Clinton, IA
- Homes for sale in Clive, IA
- Homes for sale in Davenport, IA
- Homes for sale in Des Moines, IA
- Homes for sale in Grimes, IA
- Homes for sale in Iowa City, IA
- Homes for sale in Johnston, IA
- Homes for sale in Marion, IA
- Homes for sale in Newton, IA
- Homes for sale in Norwalk, IA
- Homes for sale in Pella, IA
- Homes for sale in Pleasant Hill, IA
- Homes for sale in Polk City, IA
- Homes for sale in Urbandale, IA
- Homes for sale in Waukee, IA
- Homes for sale in West Des Moines, IA
MLS Disclaimers and Copyright
Based on information from Des Moines MLS, for the period 06/01/2023 - 06/01/2025
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.