Norway, WI Real Estate

The town of Norway is a quiet and rural community that offers a friendly environment. Populated by 8,110 people, Norway is steadily developing to provide a brighter future for its town. The communities of Wind Lake and North Cape are incorporated into the town. Norway is surrounded by Waterford, Franklin and Caledonia. Great fishing can be enjoyed at nearby Wind Lake. Serviced by Interstate 94, the town provides easy access to Milwaukee, Racine and other southeastern communities.

Find homes and lots for sale in Norway.

Real Estate
Norway’s housing market offers a wide-selection of homes for sale. Houses on the market include open concept Ranches, three-bedroom Colonials, beautiful newly constructed homes and houses with views of Wind Lake. The average cost of home in Norway is $239,210.

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Norway’s rural atmosphere provides for great outdoor activities. The open landscape offers a great environment for action sports enthusiasts. Snowmobile trails are maintained throughout open land around the area. Bicyclists tread around the rustic roads and mountain bikers take on the maintained trails. Wind Lake is a great spot for fishermen to catch Walleye, Northern Pike and Large Mouth Bass.

<a href=”” rel=”nofollow” target=”_blank”>Apple Holler</a> offers an apple orchard, restaurant and hosts many events that the whole family can enjoy. Apple Holler provides live musical plays, barnyard animals, hayrides and dinner theatre. The orchard/farm is open year-round with many events held. Apple Holler is just over 30 minutes south of Norway.

Norway is about 40 minutes away from <a href=”” rel=”nofollow” target=”_blank”>General Mitchell International Airport</a>. The airport offers 42-gates for inbound and outbound flights from places around the world. Enjoy the convenience of an international airport nearby.

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In 1839, early settlers of the area avoided setbacks and developed the area. Pioneers such as Johannes Johanassen, Elling Eilsen, Even Heg and Claus Clausen spread the word back to Norway about the fantastic territory. Their word in their homeland persuaded a massive movement to the Territory of Wisconsin; founding the most significant Norwegian-American settlement in the United States.

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Norway properties for sale

Market Conditions
Market Conditions for Norway - November 2019 | Shorewest Realtors®
November 2019

Market Conditions for Norway

Median Sale Price Graph

Median Sale Price

The median sale price for homes in November was $220,000. The median sales price for homes in November fell by ($85,000) compared to last month. This represents a 27.86% decrease from October. Compared to the same month last year, the median price of homes fell by ($218,750) representing a -49.85% year-over-year change.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 10 in November to 20. This represents 33.33% decrease from October when 30 homes were on the market. Compared to the same month last year when there were 23 homes for sale, the inventory of homes for sale has fallen by 3 representing a -13.04% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 6 homes sold in November was 1 less than in October. This represents a 14.28% decrease in sales from October. Compared to the same month last year, the number of homes sold did not change 0, a 0% year-over-year .

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in November (33) increased by 12 days compared to October. This represents a 57.14% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 27, a 450% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 98.4% in November rose by 2.32% compared to October and decreased 0.31% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in November (4) fell by 6 compared to October, a 60% change. Compared to November 2018, the number of new listings remained level

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in November was $379,950. The median list price for homes in November rose by $109,950 compared to last month. This represents a 40.72% increase from October. Compared to the same month last year, the median list price of homes increased $62,500 representing a 19.68% year-over-year increase.

Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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