Metropolitan market · Ohio · September 2026 data

What is the Norwalk, OH real estate market doing?

As of September 2026, the median home listed in Norwalk, OH asks $264,975, up 17.8% year over year. Homes spend a median of 50 days on market, with 95 active listings and 21% carrying a price cut; pending contracts equal 61% of active listings, and inventory sits at 51% of the same month in 2019 — a balanced market. Figures come from public records and industry data, updated monthly.

Median listing price
$264,975
▲ 17.8% YoY
Median $ / sq ft
$140
1,823 sq ft median
Median days on market
50
September 2026
Active listings
95
For sale now
New listings
58
September 2026
Listings with price cuts
21%
Share of active
Inventory vs 2019
51%
Same month, 2019 = 100
Pending / active
61%
Contract activity
Median sale price (closed)
$242,863
▼ 2.8% YoY · closed sales · July 2026
Sale-to-list ratio
99.8%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
56
Closed sales · July 2026, seasonally adjusted

What is the Norwalk, OH housing market doing right now?

The Norwalk, OH housing market lists at a $264,975 median as of September 2026, up 17.8% year over year, with a 50-day median market time and 95 homes for sale (21% with a price cut). Active inventory is 51% of the 2019 level, reading as a balanced market under WealthyBud's published buyer/seller rule.

Norwalk housing market statistics

The table summarizes Norwalk's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Norwalk.

Norwalk, OH housing market at a glance — September 2026
MetricLatestDetail
Median listing price$264,975+17.8% YoY
Median price per sq ft$1401,823 sq ft median
Median days on market50+31% YoY
Active listings95+19% YoY
New listings this month58September 2026
Listings with a price cut21%Share of active
Median sale price (closed)$242,863-2.8% YoY · closed sales, July 2026
Sale-to-list ratio99.8%Closed sales, July 2026, seasonally adjusted
Pending-to-active ratio61.4%58 pending
Inventory vs 201951%Active listings vs same month in 2019

How have home prices changed in Norwalk?

Norwalk home prices are up 17.8% year over year and +6.0% month over month as of September 2026, at a $264,975 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.

$265K$255K$245K$235K Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26

Median listing price, Norwalk OH · trailing 8 quarters · source: public records and industry data.

The 10-year view
$247K$217K$186K$155K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Norwalk OH · June of each year, 2017–2026 · source: public records and industry data.

How much inventory is on the market in Norwalk?

Norwalk has 95 active listings, 58 new this month, 58 pending as of September 2026. About 21% of active listings have cut their price, and inventory sits at 51% of its 2019 level — a balanced market by pace.

Active listings
95
New this month
58
Pending
58
Price-reduced
20

Is Norwalk a good real estate investment?

Norwalk scores 68/100 on WealthyBud's composite Investor Score, ranking #126 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.

Investor Score
68/100
#126 of 933 covered metros
12-month outlook
+3.7%
▲ Rising · model output, not advice
Momentum
52
Value
77
Rental yield
41
Supply risk
9
Market heat
85

Norwalk scores 68/100 on our composite Investor Score (#126 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 51% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are up 17.8% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Norwalk ranks on the trending markets index.

How much is a monthly mortgage payment in Norwalk?

A home at Norwalk's $264,975 median listing runs about $1,450 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.

If rates fall 1% · 6.28%
$1,309/mo
−$141/mo vs today
At today's rate · 7.28%
$1,450/mo
National weekly average
If rates rise 1% · 8.28%
$1,597/mo
+$147/mo vs today

Principal & interest on the $264,975 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.

How much income do you need to buy a home in Norwalk?

To buy Norwalk’s $264,975 median listing with 20% down, a household needs about $72,000 a year in gross income, keeping principal, interest and property tax ($1,682/mo) at 28% of income. That is 1.1× the area’s $65,972 median household income, so a typical Norwalk household cannot afford the median listing on these terms.

Income needed to buy the median home in Norwalk, OH — September 2026
ItemAmountBasis
Median listing price$264,975September 2026
Down payment (20%)$52,995Assumption
Principal & interest (7.28%, 30-yr fixed)$1,450/moRate as of 2026-10-01
Property tax (1.05% effective rate)$232/moCensus ACS
Income needed (28% rule)$72,000Gross household income / yr
Median household income$65,972Census ACS 2023 ACS 5-year

Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.

What is driving the Norwalk housing market?

Longer-run demand in Norwalk shows up in 70 homes permitted in 2025; net migration of -6 residents. Natural-hazard risk rates Relatively Low. These federal supply-pipeline, migration and jobs signals shape where prices head next.

Building permits (2025)
70
▲ 75.0% vs 2024
1.2 per 1,000 residents
Net migration (2022–2023)
-6
▼ people, via tax-return records
net income flow −$870,000/yr
Natural-hazard risk
Relatively Low
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

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Norwalk housing market FAQ

What is the median home price in Norwalk?
As of September 2026, the median listing price in Norwalk, OH is $264,975, up 17.8% year over year (source: public records and industry data). Figures cover the Norwalk, OH metro area.
How much does it cost to buy a home in Norwalk?
The median home listed in Norwalk asks $264,975 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $1,450 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Norwalk?
The median property in Norwalk spends 50 days on the market, with 95 homes actively listed and 21% of them carrying a price cut — a balanced market as of September 2026.
Is it a buyer's or seller's market in Norwalk?
With a median 50 days on market and 21% of active listings carrying a price cut, pending contracts at 61% of active listings, Norwalk reads as a balanced market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Norwalk a good place to invest in real estate?
Norwalk scores 68/100 on WealthyBud's Investor Score, ranking #126 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Norwalk?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Norwalk and the wider Ohio market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures cover the Norwalk, OH metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.

More Ohio housing markets

Marcus Bell Real Estate Market Analyst

Marcus Bell leads market and career research at WealthyBud, turning public housing and labor data into plain-English answers for investors and agents. He focuses on U.S. metro housing markets, agent economics and licensing.

Editorial persona: WealthyBud bylines are editorial personas, not real individuals. Pages are produced by the WealthyBud research team from the public data cited on each page.