Norwich Real Estate Statistics

Norwich real estate average sold price in the last 30 days (January 21 - February 19) was $1,147,600, which is $427,600 (37.3%) higher than the average price of $720,000 in the previous 30 day period (December 22 - January 20), and $804,593 (70.1%) up from the same period 1 year ago ($343,007). Norwich real estate prices over the last 30 days are also $443,137 (38.6%) higher than the average selling price of $704,463 over the past year.

Norwich average sold price for homes was $1,289,120 in the last 30 days (January 21 - February 19), which is $489,120 (37.9%) up from the average home price of $800,000 in the previous 30 day period (December 22 - January 20), and $946,288 (73.4%) higher than the same period 1 year ago ($342,832). In the last 30 days Norwich the average home price was $526,339 (40.8%) higher than the average selling price of $762,781 over the last 12 months.

Average sold price of Norwich townhouse was $440,000 in the last 30 days (January 21 - February 19), down $40,000 (9.1%) from the average townhome price of $480,000 over the previous 30 days (December 22 - January 20), and $80,000 (18.2%) higher than during to the same period 1 year ago ($360,000). Over the last 30 days the average townhouse price in Norwich was $183,101 (41.6%) higher compared to the average selling price of $256,899 over the last 12 months.

Average selling price for Norwich real estate was $1,147,600 in the last 30 days (January 21 - February 19), which is collectively $4,766 (0.4%) lower than the average asking price of $1,331,919. This represents an increase of $11,334 (70.4%) compared to $16,100 (2.7%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Norwich during the last 12 months was recorded in October, 2024 with an average of $21,000 over the asking price, while the minimum occurring in May, 2024 with $51,599 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Norwich was 120.0% with 6 properties sold and 4 new properties listed in the past 30 days (January 21 - February 19). This represents an increase from 100.0% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 1,400.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Norwich was 933.3% recorded in December and the lowest was in October at 11.1%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 6 properties that were successfully sold in Norwich in the last 30 days (January 21 - February 19) was 82 days, which is 4 days more than 78 days average in the previous 30 day period (December 22 - January 20) and 42 days longer than during the same period a year ago (40 days).

There were 10 delisted properties in Norwich, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 114 days on the market. This is 11 days longer than the average of 103 days during the previous 30 day period (December 22 - January 20) and 10 days less compared to the same period last year average of 124 days on the market.

10 Norwich properties that didn't sell stayed on the market 39.0% longer than 6 that sucessfully sold over the last 30 days - 82 days when sold vs 114 days when delisted respectively.

Average Days on the Market in Norwich over the past 12 months for properties that have sold was 48.9 days, with 98.4 days for those properties that did not sell.

5 new properties were listed on the market in Norwich in the last 30 days (January 21 - February 19). During the same time 6 properties were sold and 10 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 11 properties (or 220.0%).

During the previous 30 day period (December 22 - January 20) there were 4 new properties listed, 4 sold and 23 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 10 new properties listed, the slowest - June with 4 new listings and a yearly average of 8 new listings per month.

There were a total of 5 homes listed during the last 30 days (January 21 - February 19), which is 100.0% of all properties listed in Norwich. This is a 400.0% increase compared with a previous 30 day period (December 22 - January 20) and 16.7% down from the same period a year ago. Over the past year an average of 6 homes are were listed per month.

There were a total of 5 homes sold during the last 30 days (January 21 - February 19), which is 83.3% of all properties sold in Norwich. This is a 66.7% increase compared with a previous 30 day period (December 22 - January 20) and 94.8% down from the same period a year ago. Over the past year an average of 12 homes are were sold per month.

1 townhomes were sold over the last 30 days (January 21 - February 19) in Norwich, which is 16.7% of all sold real estate. This is a 0.0% less than during the previous 30 day period (December 22 - January 20) and 0.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 1 a month.