Norwich, KS Foreclosures
Current Market Conditions in in Norwich, KS As of February 2026?
In the past month, Norwich's housing market has continued to show mild activity with several homes being listed, although the inventory levels remain low. The community's charm and outdoor lifestyle appeal have generated interest among potential buyers, contributing to an increase in property inquiries and viewings. However, the market still reflects a slow turnover rate as homeowners are hesitant to sell, potentially waiting for better offers in the future.
How much do homes sell for in Norwich, KS?
The average home price is currently $207,020.
In Norwich, KS, how many homes are available?
There are currently 6 active home listings available in Norwich.
What’s the average rental cost in Norwich, KS?
The average rental price in Norwich is $1,479.
What is the most expensive home in Norwich?
The most expensive home sold in Norwich had a price of $735,567.
What is currently the cheapest priced home in Norwich, KS?
The cheapest home for sale in Norwich is priced at $28,047.
Living in Norwich, KS
Norwich, KS, is a quaint small town that offers a peaceful rural lifestyle with a warm sense of community. The area is rich in outdoor activities and history, making it attractive to families and retirees. Residents benefit from local facilities and nearby larger cities for additional amenities.
Buyer vs Seller Market in Norwich, KS
The real estate market in Norwich has shown signs of stability over the past year, with average home prices staying consistent. Although the number of homes for sale has remained limited, this has created a competitive environment among buyers. The affordability of homes in Norwich remains an attractive factor, enticing first-time homebuyers and those looking for serene rural living.
In recent months, there has been a slight increase in demand for homes, primarily driven by buyers searching for larger spaces and more land. The smaller inventory has prompted average home prices to see a modest uptick, signaling a growing interest in the area.
As of October 2023, the overall market trend suggests that while sales have tapered off slightly, the stability and affordability continue to appeal to buyers. Seasonal changes may impact inventory levels, contributing to fluctuations over the coming months.
Home Value Estimator For Norwich, KS
There are currently 362 real estate properties
in Norwich, KS,
with a median automated valuation model (AVM) price
of $155,595.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Norwich, KS, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Norwich, KS,
is $207,020.00, with the most expensive house
in Norwich, KS, topping out
at $735,567.00 and the cheapest home
in Norwich, KS,
clocking in at $28,047.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Norwich, KS!
Rent Prices
In Norwich, KS
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Norwich, KS, is on
a rollercoaster ride. The
average rent price in Norwich, KS,
is $1,479.00. Indeed, when looking to rent in
Norwich, KS, you can expect to pay as little
as $970.00 or as much
as $2,140.00,
with the average rent median estimated to
be $1,250.00. The good news is that finding
an affordable and desirable property to rent in Norwich, KS
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
