Norwich, OH Foreclosures
How much do homes sell for in Norwich, OH?
The average home price is currently $369,424.
In Norwich, OH, how many homes are available?
There are currently 2 active home listings available in Norwich.
What’s the average rental cost in Norwich, OH?
The average rental price in Norwich is $1,113.
What is the most expensive home in Norwich?
The most expensive home sold in Norwich had a price of $1,948,654.
What is currently the cheapest priced home in Norwich, OH?
The cheapest home for sale in Norwich is priced at $10,152.
Living in Norwich, OH
Norwich, OH, is a quaint village characterized by its tight-knit community, scenic views, and family-oriented environment. With a low cost of living, excellent local amenities, and proactive engagement in enhancing the quality of life, it's a promising hub for new residents and families. Nature lovers will enjoy the surrounding parks and outdoor activities that make this village a hidden gem.
Current Market Conditions in Norwich, OH
The real estate market in Norwich, OH, is currently experiencing a stable demand with a modest supply of homes for sale. The community's affordability attracts both first-time homebuyers and investors. Despite being a smaller village, property values have seen steady appreciation over the past few years, reflecting the area's growing desirability among buyers looking for peace and quiet away from urban areas.
Recently, there has been an upswing in interest around Norwich, likely due to the increasing number of remote workers seeking affordable housing options. As a result, homes are selling at slightly higher prices than previous seasons, with several properties receiving multiple offers.
Home Value Estimator For Norwich, OH
There are currently 627 real estate properties
in Norwich, OH,
with a median automated valuation model (AVM) price
of $324,256.00. 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, OH, 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, OH,
is $369,424.00, with the most expensive house
in Norwich, OH, topping out
at $1,948,654.00 and the cheapest home
in Norwich, OH,
clocking in at $10,152.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Norwich, OH!
Rent Prices
In Norwich, OH
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Norwich, OH, is on
a rollercoaster ride. The
average rent price in Norwich, OH,
is $1,113.00. Indeed, when looking to rent in
Norwich, OH, you can expect to pay as little
as $560.00 or as much
as $2,140.00,
with the average rent median estimated to
be $1,100.00. The good news is that finding
an affordable and desirable property to rent in Norwich, OH
-- 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.
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