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Is Norway, MI 49870 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Norway is a balanced market. With about 4.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.2Under 4 months = seller’s market
Sold above original list23.1%Share of sales, last 3 months
Median sale-to-list99%Sold price ÷ list price
Median days on market46Listing to accepted offer
Median price per sq ft$94▼ −32.0% vs. last year

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Prefilled for 49870Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49870Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Channing 49815Seller’s market $213 /sq ftFelch 49831Balanced $103 /sq ftFoster City 49834Seller’s market $177 /sq ftIron Mountain 49801Seller’s market $125 /sq ft Browse all markets →

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology