Norwalk, IA Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Norwalk, IA is $370,000, up 39.6% year-over-year. Homes sell in an average of 120 days with 134 active listings. The market is currently a buyer's market.
$370,000median sale price
Is Norwalk a buyer's or seller's market?
Norwalk, IA is currently a buyer's market, based on 6.7 months of supply and homes selling in about 120 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
120
Average pace
Active listings
134
6.7 months supply
Sale-to-list
98.8%
Below asking
Norwalk, IA market data
| Metric | Value |
|---|---|
| Median sale price | $370,000 |
| Median list price | $400,000 |
| Year-over-year price change | +39.6% |
| Average days on market | 120 days |
| Active inventory | 134 listings |
| Months of supply | 6.7 months |
| Sale-to-list price ratio | 98.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Norwalk housing market is currently classified as a buyer's market with a median sale price of $370,000. Prices have risen 39.6% compared to last year, with homes spending an average of 120 days on market, indicating 6.7 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Norwalk
There are currently 134 homes listed for sale in Norwalk, Iowa. The median listing price is $400K.
Active listings
134
Homes on market
Median list price
$400K
Avg. days on market
120
Days until sale
New this week
39
Newly listed
Top public schools in Norwalk
5 schools tracked · 3,502 students
The largest public schools serving Norwalk, IA 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.
Norwalk Senior High School
Grades 9-12 · 1,035 students
Norwalk Middle School
Grades 6-8 · 804 students
Oviatt Elementary School
Grades PK-1 · 579 students
Lakewood Elementary School
Grades 4-5 · 558 students
Orchard Hills Elementary
Grades 2-3 · 526 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in IA
Frequently asked questions
What is the average home price in Norwalk?
The median home sale price in Norwalk is $370,000, up 39.6% from last year.
How long do homes stay on market in Norwalk?
Homes typically spend 120 days on market before going under contract.
Is Norwalk a buyer's or seller's market?
With 6.7 months of supply, Norwalk is currently a buyer's market.
Pre-launch · for real estate professionals
Reserve a slot on this page
Get your brokerage in front of buyers actively shopping this city on the Norwalk, IA market page when featured listings launch in the next 1-2 weeks. One brokerage slot per page, billed monthly once live.
$100 / month
Reserve slotGet Norwalk market alerts
Weekly updates on prices, inventory, and trends. Free forever.