Norway, ME Home Values & Market Trends
Real estate market trends reflect that there have been 105 transactions over the past year in Norway. The median value for residential home transactions that occurred over the previous year is $298,171.1. The number of current listings in Norway is 3, and the percentage of properties for sale in the city is 3.00%. Norway, ME currently has 6 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 3 properties for sale.
Norway, ME Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 04268 | $ 578,500 $ 283/sqft |
Housing Market Summary for Norway, ME
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $520K | $268.3K | -48.39% |
| Median Sold Price | $265K | $268.3K | 1.26% |
| Homes For Sale | 4 | 3 | -25.00% |
| Homes Sold | 39 | 50 | 28.21% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Norway, ME
Browse Homes in Norway, ME
Norway home values range from $23,902 to $1,686,395. The median estimated value of a home in Norway is $298,171.1. The median list price of a home is 349,000, and the total count of properties in the city is 2,420.
- Pre-ForeclosurePre-foreclosure homes account for 0.21% of all residential properties in Norway, ME with 04268 containing 5 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Norway, ME; of that zips, the estimated home value for pre-foreclosure homes ranges from $588,625 in 04268 to the lowest home value of $70,049 in 04268.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Norway, ME ranges from the highest value of $104,000 in 04268 to the lowest value of $104,000 in 04268. Bank owned homes and properties account for 0.04% of properties in Norway, ME. There is 1 zips within Norway, ME; 04268 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Norway, ME. Auction homes and other auction properties account for 0% of all properties in Norway, ME. There is 1 zips within Norway, ME; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Compare Nearby Cities
More Real Estate Resources for Norway, ME
Guide for Norway, ME
The Augusta, Maine real estate market has seen considerable growth in property values and price per square foot, despite a decrease in sales. Comparisons with neighboring cities suggest diverse market conditions.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.
The blog examines the various trends in the real estate market of Helena, East Helena, Jefferson City, Townsend, Cascade, and Deer Lodge in Montana, highlighting the nuances and unique dynamics in each city.