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NORWAY, IA 52318

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The NORWAY, IA real estate market (52318) currently shows 8 active listings, with 2 pending sales. Homes are averaging 97 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 97 days on market compared to 56 days last year.

The median listing price has fallen 33% year-over-year, from $279,900 to $187,500.

Whether you are buying or selling in NORWAY, IA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,045  ·  Density: 11.5/mi²  ·  Median household income: $95,682

Typical home value: $185,900  ·  Homeownership: 81.0%

Market Overview

Active Listings
8
⇧ 60% vs 5 last year
Pending
2
25% pending ratio
Median Price
$187,500
⇩ 33% vs $279,900 last year
Average Price
$201,229
⇩ 25.6% vs $270,558 last year
Days on Market
97
⇧ 73.2% vs 56 days last year

Price Per Square Foot

Median $/sqft
$106
⇩ 23.2% vs $138/sqft last year
Median Home Size
1,616 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 5 last year
  • Days on market: 97 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $187,500 (-33% YoY)
  • Average: $201,229 (-25.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 16.9 miles — 441 listings ($134,202,714 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
52318Norway, IA 523180.0 mi7$1,460,620$235,000$208,660
52354Watkins, IA 523545.1 mi1$135,000$135,000$135,000
52203Amana, IA 522035.5 mi4$1,902,000$575,000$475,500
52315Newhall, IA 523158.6 mi1$198,500$198,500$198,500
52209Blairstown, IA 5220910.3 mi3$682,500$227,500$227,500
52404Cedar Rapids, IA 5240410.8 mi166$44,123,962$239,990$265,807
52334South Amana, IA 5233411.3 mi1$250,000$250,000$250,000
52346Van Horne, IA 5234612.7 mi2$824,000$412,000$412,000
52401Cedar Rapids, IA 5240113.6 mi6$883,698$129,950$147,283
52332Shellsburg, IA 5233214.4 mi9$2,879,640$254,000$319,960
52402Cedar Rapids, IA 5240215.2 mi136$33,589,144$199,000$246,979
52233Hiawatha, IA 5223315.4 mi25$8,024,450$289,945$320,978
52340Tiffin, IA 5234016.9 mi80$39,249,200$384,990$490,615

Frequently Asked Questions

How many homes are for sale in NORWAY, IA 52318?

As of February 2026, there are 8 active listings in NORWAY, IA (zip code 52318), compared to 5 the prior year.

What is the median home price in NORWAY, IA 52318?

The median listing price in NORWAY, IA 52318 is $187,500 as of February 2026, a 33% decrease from $279,900 the prior year.

How long do homes stay on the market in NORWAY, IA?

Homes in NORWAY, IA 52318 spend an average of 97 days on the market before going under contract, compared to 56 days the prior year.

Is it a seller's or buyer's market in NORWAY, IA 52318?

Based on current inventory and days-on-market data as of February 2026, NORWAY, IA 52318 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 97 days on market compared to 56 days last year.

How much can I save on real estate commission in NORWAY, IA?

With SELL123.com's maximum 3% commission, sellers in NORWAY, IA 52318 save an estimated $3,750 compared to a typical 5% commission on the median listing price of $187,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.