Population: 3,510 · Density: 23.4/mi² · Median household income: $56,429
Typical home value: $106,326 · Homeownership: 77.6%
Data as of January 2026. Source: Realtor.com.
The NORWAY, MI real estate market (49870) currently shows 8 active listings, with 4 pending sales. Homes are averaging 99 days on the market before going under contract.
Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 99 days on market compared to 75 days last year.
The median listing price has risen 28.6% year-over-year, from $136,000 to $174,900.
Whether you are buying or selling in NORWAY, MI, 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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 49870 | Norway, MI 49870 | 0.0 mi | 8 | $1,484,000 | $174,900 | $185,500 |
| 49801 | Iron Mountain, MI 49801 | 6.5 mi | 30 | $8,864,100 | $186,200 | $295,470 |
| 49892 | Vulcan, MI 49892 | 9.1 mi | 5 | $2,746,000 | $582,450 | $549,200 |
| 54151 | Niagara, WI 54151 | 11.4 mi | 12 | $2,117,700 | $135,000 | $176,475 |
| 49831 | Felch, MI 49831 | 15.0 mi | 2 | $534,900 | $267,450 | $267,450 |
| 49873 | Perronville, MI 49873 | 18.4 mi | 2 | $329,800 | $164,900 | $164,900 |
| 54121 | Florence, WI 54121 | 20.7 mi | 11 | $4,182,970 | $417,500 | $380,270 |
| 54119 | Dunbar, WI 54119 | 21.9 mi | 2 | $172,000 | $86,000 | $86,000 |
| 49886 | Spalding, MI 49886 | 23.0 mi | 2 | $749,900 | $374,950 | $374,950 |
| 54102 | Amberg, WI 54102 | 26.1 mi | 7 | $1,264,599 | $139,900 | $180,657 |
| 49812 | Carney, MI 49812 | 27.4 mi | 2 | $974,000 | $487,000 | $487,000 |
| 49818 | Cornell, MI 49818 | 27.6 mi | 3 | $1,162,500 | $387,500 | $387,500 |
| 49807 | Bark River, MI 49807 | 31.5 mi | 4 | $1,178,668 | $350,000 | $294,667 |
As of January 2026, there are 8 active listings in NORWAY, MI (zip code 49870), compared to 10 the prior year.
The median listing price in NORWAY, MI 49870 is $174,900 as of January 2026, a 28.6% increase from $136,000 the prior year.
Homes in NORWAY, MI 49870 spend an average of 99 days on the market before going under contract, compared to 75 days the prior year.
Based on current inventory and days-on-market data as of January 2026, NORWAY, MI 49870 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 99 days on market compared to 75 days last year.
With SELL123.com's maximum 3% commission, sellers in NORWAY, MI 49870 save an estimated $3,498 compared to a typical 5% commission on the median listing price of $174,900. 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.