Is Norway, IA 52318 a buyer’s or seller’s market?
Norway is a seller’s market. With about 1.6 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Norway housing market right now
In the three months ending August 31, 2026, 25% of homes in Norway, IA 52318 sold above their list price, the typical home went under contract in 2 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold about as fast and the median sale price rose 50% to $192,417. Overall, Norway is more competitive than a year ago, so tougher for buyers.
Within Benton County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 79%.
Nearby, buyers who want less competition could look at Walford 52351 (0% sold over asking) or Shellsburg 52332 (0% sold over asking), while Newhall 52315 (45% sold over asking) and Belle Plaine 52208 (33% sold over asking) are even more competitive.
Run the numbers for 52318
Nearby markets
Atkins 52206Seller’s market $140 /sq ftBelle Plaine 52208Buyer’s market $91 /sq ftBlairstown 52209Buyer’s market $278 /sq ftDysart 52224Balanced $90 /sq ft Browse all markets →Towns like Norway nearby
Find towns like Norway in other states →Where Norway is
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Questions about Norway real estate
Is Norway a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Norway, IA 52318 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 Norway?
The typical home went under contract in 2 days in the latest three months.
Do homes in Norway sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.
What are property taxes in Norway?
About 1.31% of a home’s value a year in Benton County, or roughly $5,240 on a $400,000 home.
What is the median home price in Norway?
The median sale price was $192,417 in the three months ending August 31, 2026, about $124 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