Photo: PopePompus · CC BY-SA 4.0454 homes sold in Norwalk in the last year, at a typical $332K
About one sale in 5 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Norwalk homes are listed.
Every place Norwalk homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Norwalk.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
19% of Norwalk’s sales are condos, at $95K less than a house
366 houses and 87 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 366 sold in 12 months
- Per square foot
- $236IA $158
- Days to sell
- 77
- Sold over asking
- 27%
- Listings with a price cut
- 28%
typical sale · 87 sold in 12 months
- Per square foot
- $178IA $165
- Days to sell
- 89
- Sold over asking
- 15%
- Listings with a price cut
- 20%
Townhouses: 1 sold, typical $243K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at 1.7 times the 2016 price
454 sales in the last year, against 493 in 2020 and a low of 175 in 2012. The typical sale went from $191K in 2016 to $332K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Norwalk
Check a listing against what Norwalk homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Norwalk are back to pre-pandemic levels, with about as many homes for sale
We read every month of Norwalk’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 454 sales.
If you’re buying in Norwalk
- Shop in August. It brings about 41 new listings a month, close to the busiest month, with fewer bidding wars (27% over asking).
- You can negotiate. 25% of listings have cut their price, against 15% before the pandemic.
- Bid near asking. Buyers paid 99.3% of the list price on average; 24% paid over.
- You’ll usually have time. Only 23% of homes go under contract within two weeks; the typical one takes 83 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 47 a month), but July is the most competitive: 33% of July sales close over asking. August offers nearly as much choice with fewer homes bid up (27%). September has the least competition (27%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Iowa as a whole
| Norwalk now | 2017–19 | 2021 peak | IA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 24% | 28% | 43% | 22% |
| Gone within two weeksShare of homes under contract within 14 days | 23% | 17% | 42% | 36% |
| Listings with a price cutShare of homes for sale that cut their price | 25% | 15% | 9% | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 99.3% | 99.6% | 100.5% | 97.7% |
| Days to sellMedian days from listing to contract | 83 | 102 | 44 | 45 |
141 homes for sale on a typical day
That’s 1.5 times the 2012 low (95), 10% fewer than in 2017–19 and well under 2017’s 179.
1 in 4 listings has cut its price
25% in the last year, against 15% in 2017–19 and 27% across Iowa. More sellers are pricing high and coming down.
Since 2019, houses are up 31%, condos 24%
A house typically sold for $348K in the last year (366 sales), a condo for $253K (87).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Norwalk ranks 21st of 64 busy Iowa markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Norwalk is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Norwalk home costs about $2,182 a month
Price: Norwalk’s typical sale, last 12 months. Property tax at Norwalk’s 1.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Norwalk is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 22.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $332K home, about $5,400 a year.
Taxes vs. neighborsSchools
The schools grade for Norwalk, from test results, graduation and how much students grow.
Schools in NorwalkCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
West Des Moines, Des Moines, Windsor Heights, Indianola and Urbandale sell for less a square foot
The busier markets within 25 miles of Norwalk, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Des Moines | 2,814 | $217K | $194 | 21% | 35 |
| West Des Moines | 1,109 | $336K | $208 | 19% | 42 |
| Urbandale | 978 | $358K | $221 | 24% | 52 |
| Norwalk | 454 | $332K | $230 | 24% | 83 |
| Clive | 291 | $427K | $226 | 14% | 47 |
| Indianola | 288 | $281K | $208 | 22% | 42 |
| Windsor Heights | 81 | $290K | $195 | 26% | 38 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Norwalk, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Norwalk. People who follow the town see it, and so do people comparing Norwalk with their own town. No commission, no listing fee.
Questions about buying a home in Norwalk
What do homes sell for in Norwalk, IA?
454 homes sold in the year to May 2026 at a typical $332K, $230 a square foot. Houses sold for about $348K, condos for about $253K.
Is Norwalk a buyer’s or seller’s market?
A seller’s market: 125 homes were for sale in May 2026 and 46 sold, about 2.7 months of supply. Buyers paid 99.3% of asking on average, and 25% of listings cut their price.
When is the best time to buy in Norwalk?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Norwalk?
About 1.6% of a home’s value a year. On a $332K home that’s near $5,400.
Where can I see homes for sale in Norwalk?
Zillow, Redfin, Realtor.com and Homes.com all carry Norwalk’s MLS listings; the search links above open each one filtered to Norwalk.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).