Is Norwood Young America, MN 55368 a buyer’s or seller’s market?
Norwood Young America is a seller’s market. With about 1.1 months of supply and 56% 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 Norwood Young America housing market right now
In the three months ending August 31, 2026, 56% of homes in Norwood Young America, MN 55368 sold above their list price, the typical home went under contract in 23 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 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 43%, homes sold faster (33 days then) and the median sale price rose 58% to $509,779. Overall, Norwood Young America is more competitive than a year ago, so tougher for buyers.
Within Carver County, homes here sell faster than in 55% of the county’s ZIP codes, and sell more often over asking than in 91%.
Nearby, buyers who want less competition could look at New Germany 55367 (0% sold over asking) or Young America 55397 (22% sold over asking).
Run the numbers for 55368
Nearby markets
Carver 55315Seller’s market $208 /sq ftChanhassen 55317Seller’s market $227 /sq ftChaska 55318Seller’s market $211 /sq ftCologne 55322Seller’s market $181 /sq ft Browse all markets →Towns like Norwood Young America nearby
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Questions about Norwood Young America real estate
Is Norwood Young America a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Norwood Young America, MN 55368 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 Norwood Young America?
The typical home went under contract in 23 days in the latest three months.
Do homes in Norwood Young America sell over asking?
56% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.
What are property taxes in Norwood Young America?
About 0.99% of a home’s value a year in Carver County, or roughly $3,960 on a $400,000 home.
What is the median home price in Norwood Young America?
The median sale price was $509,779 in the three months ending August 31, 2026, about $189 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