Brokers — List your Company Here
Featured local agent — Norfork, AR
Sarah Mitchell
Compass Real Estate · Norfork, AR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Norfork, AR Housing Market
The typical home in Norfork, AR is worth $269,554, held roughly flat 0.1% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $246,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 105 days, Norfork is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $269,554 home is about $1,386/mo in principal and interest.
Key numbers for Norfork, AR
Typical home value
$269,554
-0.1% in 12 months
Zillow, July 2026
Median sale price
$246,000
Last published period
Redfin, through February 2026
Days on market
105
Slow-moving
Redfin, through February 2026
Active listings
2
1.0 months of supply
Redfin, through February 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$32,917
Home costs 8.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
95.7%
Selling below asking
Redfin, through February 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Norfork a buyer's or seller's market?
Norfork, AR is a balanced market, based on 1.0 months of supply and homes selling in about 105 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Norfork housing market data show?
Every row below is Redfin's final published month for Norfork, AR. Redfin, through February 2026
| Metric | Value |
|---|---|
| Median sale price | $246,000 |
| Median price per sq ft | $141/sq ft |
| Median days on market | 105 days |
| Active inventory | 2 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 95.7% |
| Homes sold (that month) | 2 |
| Listings with a price cut | 50.0% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Norfork is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Norfork is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Norfork home prices moved?
Over the last three years the median sale price in Norfork, AR rose 25.4%, from $196,250 to $246,000. The live Zillow value series has held roughly flat 0.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 50.0% of Norfork listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 95.7%. Watch those two together — they move before the median does.
Redfin, through February 2026 — the chart ends at Redfin's final published month.
Get Norfork market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Norfork?
Priced off the typical home value of $269,554 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $53,911 | $215,643 | $1,386/mo |
| 5% | $13,478 | $256,076 | $1,646/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,386, that implies roughly $59,391 a year before you add taxes and insurance. The median household in Norfork earns $32,917, about $26,474 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 8.2x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Norfork in the next 12 months?
Tell us your timeline. We send the Norfork market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Norfork?
Zillow does not publish a rent index (ZORI) for Norfork, AR, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Norfork?
Active listings in Norfork, AR went from 6 in November 2023 to 2 in February 2026, a -66.7% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| January 2024 | 5 | 2 |
| February 2024 | 4 | 1 |
| March 2024 | 6 | 2 |
| June 2024 | 5 | not published |
| July 2024 | 6 | 2 |
| August 2024 | 6 | 1 |
| September 2024 | 4 | not published |
| October 2024 | 5 | 2 |
| April 2025 | 5 | not published |
| August 2025 | 1 | not published |
| January 2026 | 3 | 1 |
| February 2026 | 2 | not published |
Redfin, through February 2026
How does Norfork compare to Arkansas and the U.S.?
Norfork homes sell for $246,000 — 11% below the Arkansas median of $275,500. Against the national median of $410,700, Norfork runs 40% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Norfork, AR | $246,000 | not published | 105 days |
| Arkansas statewide | $275,500 | +3.1% | 53 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through February 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Norfork
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 50.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $260 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $269,554 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Norfork listing goes under contract in 105 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 95.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved -0.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Norfork varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Norfork
There are currently 2 homes listed for sale in Norfork, Arkansas.
Active listings
2
Homes on market
Avg. days on market
105
Days until sale
How much do homes cost in Norfork by property type?
How the Norfork, AR market breaks down across single-family homes, condos and townhouses. Redfin, through February 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $246,000 | $141/sq ft | 2 | 105 days |
Who lives in Norfork?
American Community Survey estimates for Norfork. U.S. Census ACS, 2023
Population
599
Households
225
Median income
$32,917/yr
Median age
32.7 years
Owner-occupied
52.9%
Median home value
$183,900
Median gross rent
$730/mo
Mean commute
19.8 min
52.9% of occupied homes in Norfork are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $183,900 against Zillow's $269,554 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Norfork?
2 schools tracked · 454 students
The largest public schools serving Norfork, AR by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
NORFORK ELEMENTARY SCHOOL
Grades K-6 · 251 students
NORFORK HIGH SCHOOL
Grades 7-12 · 203 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Norfork, AR?
Ordered by distance from Norfork, not by size. Compare Norfork side by side with any of them.
Norfork housing market FAQ
Is Norfork a buyer's or seller's market?
Norfork, AR is currently a balanced market. That read comes from 1.0 months of supply, homes going under contract in about 105 days, and sellers getting 95.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Norfork?
The typical home in Norfork, AR is worth $269,554 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $246,000, about $141 per square foot.
Is Norfork cheaper than the rest of Arkansas?
Norfork's median sale price of $246,000 is 11% lower than the Arkansas statewide median of $275,500, and 40% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Norfork?
Homes in Norfork, AR spent a median of 105 days on market before going under contract, versus 53 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Norfork?
At the current 30-year fixed rate of 6.66%, 20% down on a $269,554 home is about $1,386 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $59,391 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $32,917.
Are home prices rising in Norfork?
The typical home value in Norfork, AR held roughly flat 0.1% over the last 12 months, from $269,713 to $269,554 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Norfork?
Norfork ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Norfork?
That depends on your timeline, not on a headline. What the data says today: Norfork, AR is a balanced market with 1.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Norfork, AR
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Norfork
Nearby markets
Get the Norfork market brief
Get the Norfork, AR market brief
One email: what homes are actually clearing at around $269,554, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.