Home Values

Norwalk Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$106,900

  • 14.8% 1-year change
  • None 1-year forecast

The median home value in Norwalk is $106,900. Norwalk home values have gone up 14.8% over the past year. The median list price per square foot in Norwalk is $82, which is higher than the Norwalk Metro average of $69. The median price of homes currently listed in Norwalk is $125,000 while the median price of homes that sold is $74,180. The median rent price in Norwalk is $332, which is the same as the Norwalk Metro median of $332.

Foreclosures will be a factor impacting home values in the next several years. In Norwalk 0.8 homes are foreclosed (per 10,000). This is lower than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Norwalk is 3.4%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Norwalk homeowners underwater on their mortgage is 25.2%.

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Relative ZHVI
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Norwalk Market Overview

Data through Nov 30, 2014
  • $106,900 ZHVI
  • No data 1-yr forecast
  • $125,000 Median listing price
  • No recent data Median sale price
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Norwalk Market Health

Data through Nov 30, 2014
  • 8.7/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 25.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Huron $159,500
Berlin Heights $139,600
Wakeman $138,400
Name Median ZHVI
Milan $138,200
Monroeville $110,700
Collins $110,400
Name Median ZHVI
New London $91,000
Willard $86,500
Greenwich $86,300

Listings & Sales

Data through Nov 30, 2014
  • $82 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
28.4%
Sold below listing
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Norwalk Rentals

Data through Nov 30, 2014
  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $332 Rent list price
  • No data Rent list price / sq ft
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