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Featured local agent — Norway, MI
Sarah Mitchell
Compass Real Estate · Norway, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Norway, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$197,000median sale price
How is the Norway, MI housing market right now?
The median home sale price in Norway, MI is $197,000, up 7.6% year-over-year. Homes sell in an average of 57 days with 6 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Norway a buyer's or seller's market?
Norway, MI is currently a leaning buyer's, based on 3.0 months of supply and homes selling in about 57 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
57
Average pace
Active listings
6
3.0 months supply
Sale-to-list
95.8%
Below asking
What does the Norway housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $197,000 |
| Median list price | $147,450 |
| Year-over-year price change | +7.6% |
| Average days on market | 57 days |
| Active inventory | 6 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 95.8% |
| Median price per sq ft | $75/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 4 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Norway by property type?
How the Norway, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $197,000 | $75/sq ft | 2 | 57 days |
| Condo / Co-op | $220,000 | $51/sq ft | 1 | 242 days |
Source: Redfin · Updated monthly
The Norway housing market is currently classified as a leaning buyer's with a median sale price of $197,000. Prices have risen 7.6% compared to last year, with homes spending an average of 57 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Norway
There are currently 6 homes listed for sale in Norway, Michigan. The median listing price is $147K.
Active listings
6
Homes on market
Median list price
$147K
Avg. days on market
57
Days until sale
New this week
4
Newly listed
Who lives in Norway?
Population
2,835
Median income
$50,025/yr
Median age
44.8 years
Owner-occupied
71.5%
College grads
18.6%
Avg commute
15.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Norway?
Zillow home value
$165,224
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Norway?
Norway is a community of approximately 3K residents with a median age of 44.8 years.The median household income is $50,025, which represents a working-class community with solid middle-income opportunities. 18.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 71.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 15.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Norway offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Norway?
3 schools tracked · 566 students
The largest public schools serving Norway, MI 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.
Norway Elementary School
Grades PK-5 · 254 students
Norway High School
Grades 9-12 · 173 students
Vulcan Middle School
Grades 6-8 · 139 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 Norway, MI?
Want a head-to-head view? Compare Norway side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Norway?
The median home sale price in Norway is $197,000, up 7.6% from last year.
How long do homes stay on market in Norway?
Homes typically spend 57 days on market before going under contract.
What is the median income in Norway?
The median household income is $50,025 per year.
Is Norway a buyer's or seller's market?
With 3.0 months of supply, Norway is currently a leaning buyer's.
What is the Zillow home value estimate for Norway?
The Zillow Home Value Index (ZHVI) for Norway is $165,224, representing the typical home value in the area.
What is the median condo price in Norway?
The median condo/co-op sale price in Norway, MI is $220,000, compared to $197,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Norway?
The median single-family home price in Norway, MI is $197,000 (about $75 per square foot).
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