Is Norwalk, WI 54648 a buyer’s or seller’s market?
Norwalk is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Norwalk housing market right now
In the three months ending August 31, 2026, 0% of homes in Norwalk, WI 54648 sold above their list price, the typical home went under contract in 50 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (47 days then) and the median sale price rose 86% to $319,862. Overall, Norwalk is less competitive than a year ago, which gives buyers more room.
Within Monroe County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Cashton 54619 (60% sold over asking) and Sparta 54656 (40% sold over asking) are even more competitive.
Run the numbers for 54648
Nearby markets
Cashton 54619Buyer’s market $149 /sq ftKendall 54638Seller’s market $167 /sq ftSparta 54656Seller’s market $155 /sq ftTomah 54660Seller’s market $152 /sq ft Browse all markets →Towns like Norwalk nearby
Find towns like Norwalk in other states →Where Norwalk is
Loading map…
Questions about Norwalk real estate
Is Norwalk a buyer’s or seller’s market?
A buyer’s market: there were 12.8 months of supply in Norwalk, WI 54648 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 Norwalk?
The typical home went under contract in 50 days in the latest three months.
Do homes in Norwalk sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.
What are property taxes in Norwalk?
About 1.35% of a home’s value a year in Monroe County, or roughly $5,400 on a $400,000 home.
What is the median home price in Norwalk?
The median sale price was $319,862 in the three months ending August 31, 2026, about $200 per square foot.
Local agents
See all agents in 54648 →No sponsored agents in 54648 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 54648
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology