New - 4 days on RocketVideo tour
$3,147 Closing Credit¹
#2500961, Jordyn Edwards, Listing Office: Century 21 Signature Real Estate
Norway Housing Market Report January 2025•Benton County, Iowa
Housing Prices in Norway, IA
How much do homes in Norway, IA cost?
Housing Market Conditions
Is Norway, IA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Norway is a Seller's Market
Difference Since December 2024
Last month, Norway was a Neutral Market.
Insight
Norway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$110,000$84/SqFt
-$18,000
-14.1%
Based on all homes sold in January 2025
Insight
Homes in Norway have sold for 14.1% less than they did a month ago.
Summary: The median home sold price in Norway was $110,000 in January 2025, down 14.1% from last month, and the median price per square foot was $84.
Median Sold Price By Cities
| City | Dec 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Florence Township | $128K | $110K | -14.1% |
| Norway | $128K | $110K | -14.1% |
Median Sold Price By Bedrooms
| Beds | Dec 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $128K | - | N/A |
| 33 Bedrooms | - | $110K | N/A |
| 44 Bedrooms | - | - | N/A |
| 55+ Bedrooms | - | - | N/A |
Summary: Norway housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
Housing supply in Norway, IA
How many homes are available in Norway, IA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 5Last MonthJan 2025 | ||
| 52 months agoDec 2024 | 0.0 % Change MoMDec – Jan |
Summary: The Norway real estate market had 5 homes for sale in Jan 2025, the same as Dec 2024
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1Last MonthJan 2025 | ||
| 12 months agoDec 2024 | 0.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 3 | 2 | -33.3% |
| 33 Bedrooms | 1 | 2 | +100.0% |
| 44 Bedrooms | 0 | 0 | 0.0% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Norway housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Norway, IA cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price0 Home
Insight
If you're buying a home in Norway, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Norway in January 2025, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.
Days on Market for Norway, IA
How long does it take to sell a home in Norway, IA?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days0 Home
Over 90 Days0 Home
Insight
Many homes in Norway are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 1 homes were sold in Norway; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 5 DaysLast MonthJan 2025 | ||
| 4 Days1 month agoDec 2024 | +25.0 % Change MoMDec – Jan |
Summary: Homes in Norway had an average listing age of 5 days in Jan 2025, up by 25.0% compared to the previous month.
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Newest Listings in Norway, IA
What homes are available in Norway, IA?
Video tour
$2,849 Closing Credit¹
#2500674, Dan Kaestner, Listing Office: IOWA REALTY
Video tour
$3,384 Closing Credit¹
#2408531, Annie Kaestner, Listing Office: SKOGMAN REALTY
Video tour
$3,324 Closing Credit¹
#2408374, Annie Kaestner, Listing Office: SKOGMAN REALTY
Video tour
$3,324 Closing Credit¹
#2408375, Annie Kaestner, Listing Office: SKOGMAN REALTY
Nearby markets
Nearby markets aren't available for Norway, IA
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MLS Disclaimers and Copyright
Based on information from Cedar Rapids MLS, for the period 12/01/2024 - 02/01/2025
Provided Courtesy Of Cedar Rapids 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 Is Believed To Be Accurate But Not Guaranteed. Copyright 2025 Cedar Rapids 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: 2/15/2025, 6:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.