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NORWALK, WI 54648

Real Estate Market Report  ·  Monroe County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
5
⇧ 66.7% vs 3 last year
Pending
2
40% pending ratio
Median Price
$270,000
⇧ 27.1% vs $212,450 last year
Average Price
$326,250
⇧ 39.6% vs $233,783 last year
Days on Market
93
⇧ 97.9% vs 47 days last year

Market Context

Population: 1,730  ·  Density: 9.0/mi²  ·  Median household income: $71,167

Typical home value: $167,396  ·  Homeownership: 79.2%

Market Analysis

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

The NORWALK, WI real estate market (54648) currently shows 5 active listings, with 2 pending sales. Homes are averaging 93 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 93 days on market compared to 47 days last year.

The median listing price has risen 27.1% year-over-year, from $212,450 to $270,000.

Whether you are buying or selling in NORWALK, WI, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 3 last year
  • Days on market: 93 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $270,000 (+27.1% YoY)
  • Average: $326,250 (+39.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.5 miles — 144 listings ($58,422,929 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54648Norwalk, WI 546480.0 mi5$1,631,250$270,000$326,250
54651Ontario, WI 546518.4 mi5$3,073,150$389,900$614,630
54660Tomah, WI 5466012.2 mi45$14,714,910$278,000$326,998
54653Rockland, WI 5465313.8 mi1$339,900$339,900$339,900
54639La Farge, WI 5463915.9 mi7$1,787,219$169,500$255,317
54614Bangor, WI 5461417.4 mi9$2,703,960$329,900$300,440
53929Elroy, WI 5392918.4 mi12$3,339,360$237,400$278,280
54634Hillsboro, WI 5463419.5 mi17$5,554,257$267,500$326,721
53962Union Center, WI 5396221.3 mi1$150,000$150,000$150,000
54669West Salem, WI 5466923.3 mi9$3,786,498$419,495$420,722
54644Mindoro, WI 5464424.3 mi6$5,503,500$834,500$917,250
53950New Lisbon, WI 5395025.4 mi25$14,898,925$549,900$595,957
54621Chaseburg, WI 5462125.5 mi2$940,000$470,000$470,000

Frequently Asked Questions

How many homes are for sale in NORWALK, WI 54648?

As of January 2026, there are 5 active listings in NORWALK, WI (zip code 54648), compared to 3 the prior year.

What is the median home price in NORWALK, WI 54648?

The median listing price in NORWALK, WI 54648 is $270,000 as of January 2026, a 27.1% increase from $212,450 the prior year.

How long do homes stay on the market in NORWALK, WI?

Homes in NORWALK, WI 54648 spend an average of 93 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in NORWALK, WI 54648?

Based on current inventory and days-on-market data as of January 2026, NORWALK, WI 54648 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 93 days on market compared to 47 days last year.

How much can I save on real estate commission in NORWALK, WI?

With SELL123.com's maximum 3% commission, sellers in NORWALK, WI 54648 save an estimated $5,400 compared to a typical 5% commission on the median listing price of $270,000. 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.