Is Norwich, NY 13815 a buyer’s or seller’s market?

The Norwich housing market right now

In the three months ending August 31, 2026, 20% of homes in Norwich, NY 13815 sold above their list price, the typical home went under contract in 36 days and there were 4.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 26 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 36%, homes sold faster (55 days then) and the median sale price rose 9% to $201,913. Overall, Norwich is less competitive than a year ago, which gives buyers more room.

Within Chenango County, homes here sell faster than in 92% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Norwich ranks #529 of 649 NY ZIP codes with enough sales (score 39 out of 100).

Nearby, buyers who want less competition could look at Smithville Flats 13841 (0% sold over asking) or Mc Donough 13801 (0% sold over asking), while Smyrna 13464 (100% sold over asking) and Plymouth 13832 (100% sold over asking) are even more competitive.