Is Norton, VA 24273 a buyer’s or seller’s market?
Norton is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Norton housing market right now
In the three months ending August 31, 2026, 0% of homes in Norton, VA 24273 sold above their list price, the typical home went under contract in 44 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (59 days then) and the median sale price rose 30% to $159,431. Overall, Norton is more competitive than a year ago, so tougher for buyers.
Within Wise County, homes here sell faster than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Coeburn 24230 (18% sold over asking) and Wise 24293 (11% sold over asking) are even more competitive.
Run the numbers for 24273
Nearby markets
Appalachia 24216Buyer’s market $61 /sq ftBig Stone Gap 24219Buyer’s market $106 /sq ftCoeburn 24230Buyer’s market $123 /sq ftPound 24279Balanced $110 /sq ft Browse all markets →Towns like Norton nearby
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Questions about Norton real estate
Is Norton a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Norton, VA 24273 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Norton?
The typical home went under contract in 44 days in the latest three months.
Do homes in Norton sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.
What are property taxes in Norton?
About 0.58% of a home’s value a year in Wise County, or roughly $2,320 on a $400,000 home.
What is the median home price in Norton?
The median sale price was $159,431 in the three months ending August 31, 2026, about $89 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology