Norwalk Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Norwalk averaged 6.85% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.98% and one month ago for the week of 2023-02-09, the average rate was 6.27%.

    Norwalk's average rate one year ago was 3.59%.

    For refis of the same type during the week of 2023-03-16, the average rate was 7.21%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Norwalk 30 Year Fixed Rate 2023-03-16 6.85%
    Norwalk 30 Year Fixed Rate Refi 2023-03-16 7.21%
    Norwalk 15 Year Fixed Rate 2023-03-16 6.53%
    Norwalk 15 Year Fixed Rate Refi 2023-03-16 6.31%
    Norwalk 30 Year FHA 2023-03-16 6.46%
    Norwalk 30 Year FHA Refi 2023-03-16 6.11%
    Norwalk 30 Year USDA 2023-03-16 6.36%
    Norwalk 30 Year USDA Refi 2023-03-16 6.52%
    Norwalk 30 Year VA 2023-03-16 6.43%
    Norwalk 30 Year VA Refi 2023-03-16 5.62%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Norwalk, OH.

    Norwalk Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Norwalk, OH market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNION HOME MORTGAGE CORP. 50 5.19% $4,987
    QUICKEN LOANS, LLC 41 5.11% $6,127
    Civista Bank 34 5.11% $3,035
    KeyBank 20 4.84% $3,750
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 5.42% $3,774
    CROSSCOUNTRY MORTGAGE, LLC 17 5.88% $5,738
    The Huntington National Bank 15 4.92% $3,638
    UNITED WHOLESALE MORTGAGE, LLC 12 5.45% $6,235
    PNC Bank 11 5.02% $3,660
    The Croghan Colonial Bank 10 4.61% $3,454
    First Federal Bank of the Midwest 9 5.25% $3,193
    JPMorgan Chase Bank 6 4.43% $3,518
    Mr. Cooper ( Nationstar Mortgage ) 6 5.37% $5,211
    First Federal Savings and Loan Association of Lorain 6 3.75% $3,784
    Third Federal Savings and Loan Association of Cleveland 6 3.99% $2,626
    First Federal Savings and Loan Association of Lakewood 6 4.88% $6,786
    YOUR HOME FINANCIAL LLC 5 4.85% $5,409
    Fifth Third Bank 5 5.15% $3,725
    CALIBER HOME LOANS, INC. 4 5.63% $3,332
    LOANDEPOT.COM, LLC 4 5.15% $5,184
    Mechanics Bank 4 3.35% $1,932
    PENNYMAC LOAN SERVICES, LLC 3 4.71% $6,311
    LAKEVIEW LOAN SERVICING, LLC 3 4.79% $2,759
    American Midwest Mortgage Corporation 3 4.71% $5,289
    First National Bank of Bellevue 3 5.63% $4,101
    RUOFF MORTGAGE COMPANY, INC. 3 6.00% $3,616
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 4.29% $3,980
    HOWARD HANNA FINANCIAL SERVICES, INC. 3 5.58% $4,009
    Directions Credit Union, Inc. 2 5.31% $2,454
    M&T Bank 2 6.38% $4,107
    NAVY FEDERAL CREDIT UNION 2 5.50% $3,441
    NEWREZ LLC 2 5.99% $2,859
    RELIANCE FIRST CAPITAL, LLC 2 4.25% $5,071
    ROYAL UNITED MORTGAGE LLC 2 5.63% $6,298
    Farm Credit Mid-America, ACA 2 5.03% $3,858
    Flagstar Bank, FSB 2 6.69% $4,255
    FREEDOM MORTGAGE CORPORATION 2 5.81% $6,452
    GUARANTEED RATE, INC. 2 4.18% $4,845
    Carrington Mortgage Services, LLC 2 6.00% $7,619
    ZILLOW HOME LOANS, LLC 1 3.00% $6,969
    AMERIFIRST FINANCIAL CORPORATION 1 3.38% $4,715
    AMERISAVE MORTGAGE CORPORATION 1 2.88% $5,890
    Citizens Bank 1 7.38% $3,096
    CNB Bank 1 6.75% $2,975
    DRAPER AND KRAMER MORTGAGE CORP. 1 5.88% $4,311
    EQUITY RESOURCES, INC. 1 6.88% $4,345
    Evolve Bank & Trust 1 5.88% $5,284
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 5.63% $3,533
    First Financial Bank 1 6.50% $3,725
    First National Bank of Pennsylvania 1 5.13% $3,000
    FIRST TECHNOLOGY 1 5.50% $4,442
    Guardian Savings Bank, A Federal Savings Bank 1 4.00% $4,601
    HOMESIDE FINANCIAL, LLC 1 6.13% $5,459
    Liberty Savings Bank, F.S.B. 1 3.13% $10,033
    MID AMERICA MORTGAGE, INC. 1 3.88% $1,921
    MOVEMENT MORTGAGE, LLC 1 4.13% $4,313
    Neighborhood Loans, Inc. 1 4.25% $3,947
    NORTHERN MORTGAGE SERVICES, LLC 1 6.50% $1,531
    Northpointe Bank 1 4.49% $8,625
    Northwest Bank 1 3.38% $3,253
    OPTION FINANCIAL, LLC 1 5.63% $2,674
    PENTAGON FEDERAL CREDIT UNION 1 3.00% $1,895
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.50% $11,782
    RESIDENTIAL BANCORP. 1 3.49% $3,190
    Superior Credit Union, Inc. 1 4.50% $2,907
    T2 FINANCIAL LLC 1 7.63% $4,729
    The Genoa Banking Company 1 4.50% $3,535
    The Park National Bank 1 5.50% $2,450
    The State Bank and Trust Company 1 4.88% $2,794
    USAA Federal Savings Bank 1 6.00% $3,129
    U.S. Bank 1 3.25% $1,707
    Wells Fargo Bank 1 3.63% $4,276
    Ally Bank 1 4.38% $2,410

    Norwalk Average Closing Costs & Other Stats

    Norwalk, OH's 73 lenders originated 1,183 loans during 2022. The total origination value was $164,215,000, with an average loan value of $138,812.

    Norwalk's average closing costs are $4,373.

    The top Norwalk lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 50 loans originated. Their average total fees are $4,987, which is $1,140 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Norwalk lenders (with over 10 loans originated) are Civista Bank ($3,035), The Croghan Colonial Bank ($3,454), The Huntington National Bank ($3,638), PNC Bank ($3,660) and KeyBank ($3,750).

    The lowest rate Norwalk lenders (with over 10 loans originated) are The Croghan Colonial Bank (4.61%), KeyBank (4.84%), The Huntington National Bank (4.92%), PNC Bank (5.02%) and Civista Bank (5.11%).

    Norwalk, OH Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    QUICKEN LOANS, LLC $29,935,000 $16,710,000 -44.2% 10.2%
    UNION HOME MORTGAGE CORP. $22,920,000 $12,055,000 -47.4% 7.3%
    Civista Bank $13,265,000 $10,905,000 -17.8% 6.6%
    KeyBank $11,545,000 $9,965,000 -13.7% 6.1%
    PNC Bank $8,205,000 $9,495,000 15.7% 5.8%
    The Huntington National Bank $15,020,000 $7,765,000 -48.3% 4.7%
    BERKELEY POINT CAPITAL LLC $6,425,000 n/a 3.9%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $13,365,000 $5,800,000 -56.6% 3.5%
    CROSSCOUNTRY MORTGAGE, LLC $4,450,000 $5,415,000 21.7% 3.3%
    First Federal Bank of the Midwest $10,515,000 $5,275,000 -49.8% 3.2%
    UNITED WHOLESALE MORTGAGE, LLC $985,000 $4,560,000 362.9% 2.8%
    AG Credit, Agricultural Credit Association $2,990,000 $3,590,000 20.1% 2.2%
    First Federal Savings and Loan Association of Lakewood $3,910,000 $3,485,000 -10.9% 2.1%
    Mortgage Research Center, LLC $4,080,000 $3,130,000 -23.3% 1.9%
    LOANDEPOT.COM, LLC $6,470,000 $2,935,000 -54.6% 1.8%
    The Croghan Colonial Bank $4,795,000 $2,895,000 -39.6% 1.8%
    Mechanics Bank $1,285,000 $2,495,000 94.2% 1.5%
    Sutton Bank $4,980,000 $2,305,000 -53.7% 1.4%
    Fifth Third Bank $3,070,000 $2,275,000 -25.9% 1.4%
    Mr. Cooper ( Nationstar Mortgage ) $2,495,000 $2,270,000 -9.0% 1.4%
    First Federal Savings and Loan Association of Lorain $1,760,000 $1,820,000 3.4% 1.1%
    JPMorgan Chase Bank $2,380,000 $1,820,000 -23.5% 1.1%
    YOUR HOME FINANCIAL LLC $2,125,000 $1,605,000 -24.5% 1.0%
    CALIBER HOME LOANS, INC. $1,665,000 $1,590,000 -4.5% 1.0%
    NAVY FEDERAL CREDIT UNION $1,165,000 $1,490,000 27.9% 0.9%
    Directions Credit Union, Inc. $490,000 $1,485,000 203.1% 0.9%
    BROKER SOLUTIONS, INC. $185,000 $1,355,000 632.4% 0.8%
    Third Federal Savings and Loan Association of Cleveland $1,860,000 $1,265,000 -32.0% 0.8%
    First National Bank of Bellevue $2,980,000 $1,140,000 -61.7% 0.7%
    PENNYMAC LOAN SERVICES, LLC $1,700,000 $960,000 -43.5% 0.6%
    Wells Fargo Bank $3,795,000 $955,000 -74.8% 0.6%
    Farm Credit Mid-America, ACA $525,000 $940,000 79.0% 0.6%
    American Midwest Mortgage Corporation $640,000 $905,000 41.4% 0.6%
    FREEDOM MORTGAGE CORPORATION $6,400,000 $880,000 -86.3% 0.5%
    Flagstar Bank, FSB $1,070,000 $815,000 -23.8% 0.5%
    Carrington Mortgage Services, LLC $985,000 $800,000 -18.8% 0.5%
    NEWREZ LLC $3,450,000 $800,000 -76.8% 0.5%
    Presidential Bank, FSB $675,000 n/a 0.4%
    Northwest Bank $670,000 $670,000 0.0% 0.4%
    LAKEVIEW LOAN SERVICING, LLC $1,230,000 $665,000 -45.9% 0.4%
    First Federal Bank of Ohio $585,000 $630,000 7.7% 0.4%
    AMERISAVE MORTGAGE CORPORATION $1,125,000 $590,000 -47.6% 0.4%
    PLAZA HOME MORTGAGE, INC. $1,135,000 $590,000 -48.0% 0.4%
    HOWARD HANNA FINANCIAL SERVICES, INC. $480,000 $580,000 20.8% 0.4%
    NEW DAY FINANCIAL, LLC $835,000 $575,000 -31.1% 0.4%
    RUOFF MORTGAGE COMPANY, INC. $115,000 $570,000 395.7% 0.3%
    GUARANTEED RATE, INC. $265,000 $565,000 113.2% 0.3%
    Citizens Bank $395,000 $560,000 41.8% 0.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,010,000 $550,000 -45.5% 0.3%
    MID AMERICA MORTGAGE, INC. $1,015,000 $535,000 -47.3% 0.3%
    The Genoa Banking Company $515,000 n/a 0.3%
    The Park National Bank $1,625,000 $435,000 -73.2% 0.3%
    U.S. Bank $1,930,000 $430,000 -77.7% 0.3%
    S&T Bank $425,000 n/a 0.3%
    NORTHERN MORTGAGE SERVICES, LLC $95,000 $395,000 315.8% 0.2%
    The Commercial and Savings Bank of Millersburg Ohio $395,000 n/a 0.2%
    The Union Bank Company $390,000 n/a 0.2%
    Guardian Savings Bank, A Federal Savings Bank $375,000 n/a 0.2%
    RELIANCE FIRST CAPITAL, LLC $430,000 $375,000 -12.8% 0.2%
    First Financial Bank $805,000 $345,000 -57.1% 0.2%
    North American Savings Bank, F.S.B. $345,000 n/a 0.2%
    PENTAGON FEDERAL CREDIT UNION $200,000 $345,000 72.5% 0.2%
    FIRST TECHNOLOGY $335,000 n/a 0.2%
    MOVEMENT MORTGAGE, LLC $335,000 n/a 0.2%
    M&T Bank $65,000 $330,000 407.7% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $320,000 n/a 0.2%
    CENTURY $175,000 $315,000 80.0% 0.2%
    Liberty Savings Bank, F.S.B. $305,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $510,000 $285,000 -44.1% 0.2%
    Ally Bank $770,000 $265,000 -65.6% 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $95,000 $265,000 178.9% 0.2%
    LOANPAL, LLC $480,000 $260,000 -45.8% 0.2%
    SPRING EQ, LLC $200,000 $250,000 25.0% 0.2%
    TOP FLITE FINANCIAL, INC. $250,000 n/a 0.2%
    Dollar Bank, Federal Savings Bank $710,000 $240,000 -66.2% 0.1%
    LIBERTY HOME MORTGAGE CORPORATION $385,000 $230,000 -40.3% 0.1%
    EVERETT FINANCIAL, INC. $225,000 n/a 0.1%
    FIRST CENTENNIAL MORTGAGE CORPORATION $115,000 $215,000 87.0% 0.1%
    PLANET HOME LENDING, LLC $310,000 $215,000 -30.6% 0.1%
    Superior Credit Union, Inc. $25,000 $215,000 760.0% 0.1%
    AMERIFIRST FINANCIAL CORPORATION $400,000 $210,000 -47.5% 0.1%
    Figure Lending LLC $35,000 $210,000 500.0% 0.1%
    Barrington Bank & Trust Company, N.A. $325,000 $205,000 -36.9% 0.1%
    First Savings Bank $205,000 n/a 0.1%
    1ST SIGNATURE LENDING, LLC $85,000 $195,000 129.4% 0.1%
    CNB Bank $385,000 $195,000 -49.4% 0.1%
    Hometown Equity Mortgage, LLC $195,000 n/a 0.1%
    Northpointe Bank $300,000 $195,000 -35.0% 0.1%
    T2 FINANCIAL LLC $410,000 $190,000 -53.7% 0.1%
    ZILLOW HOME LOANS, LLC $185,000 $185,000 0.0% 0.1%
    Evolve Bank & Trust $680,000 $175,000 -74.3% 0.1%
    Sierra Pacific Mortgage Company, Inc. $175,000 n/a 0.1%
    First National Bank of Pennsylvania $675,000 $170,000 -74.8% 0.1%
    EQUITY RESOURCES, INC. $520,000 $165,000 -68.3% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $240,000 $165,000 -31.3% 0.1%
    RESIDENTIAL BANCORP. $165,000 n/a 0.1%
    NFM, INC. $155,000 n/a 0.1%
    US MORTGAGE CORPORATION $155,000 n/a 0.1%
    Bank of England $570,000 $145,000 -74.6% 0.1%
    The State Bank and Trust Company $95,000 $145,000 52.6% 0.1%
    CHURCHILL MORTGAGE CORPORATION $135,000 n/a 0.1%
    Nations Lending Corporation $1,335,000 $135,000 -89.9% 0.1%
    Equity Prime Mortgage LLC $125,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $1,420,000 $125,000 -91.2% 0.1%
    HONDA Federal Credit Union $135,000 $125,000 -7.4% 0.1%
    Magnolia Bank $125,000 n/a 0.1%
    First Guaranty Mortgage Corporation $480,000 $115,000 -76.0% 0.1%
    First Federal Community Bank of Bucyrus $630,000 $105,000 -83.3% 0.1%
    GUILD MORTGAGE COMPANY $105,000 n/a 0.1%
    OPTION FINANCIAL, LLC $105,000 n/a 0.1%
    Community Star Credit Union $95,000 n/a 0.1%
    USAA Federal Savings Bank $1,910,000 $95,000 -95.0% 0.1%
    Cf Bank $85,000 n/a 0.1%
    DRAPER AND KRAMER MORTGAGE CORP. $325,000 $85,000 -73.8% 0.1%
    FIRST OHIO HOME FINANCE, INC. $75,000 n/a 0.0%
    KEMBA FINANCIAL $55,000 $75,000 36.4% 0.0%
    LENDINGHOME FUNDING CORPORATION $75,000 n/a 0.0%
    Towne Bank $75,000 n/a 0.0%
    Neighborhood Loans, Inc. $65,000 n/a 0.0%
    CAMPBELL EMPLOYEES FEDERAL CREDIT UNION $45,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $110,000 $35,000 -68.2% 0.0%
    AMERICAN FINANCING CORPORATION $375,000 $35,000 -90.7% 0.0%
    Discover Bank $35,000 n/a 0.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $35,000 n/a 0.0%
    SUN Federal Credit Union $25,000 n/a 0.0%
    ALLIANT CREDIT UNION $55,000 $15,000 -72.7% 0.0%
    Seven Seventeen Credit Union $25,000 $15,000 -40.0% 0.0%

    Norwalk's top lender by overall market share is QUICKEN LOANS, LLC, with 10.2% market share. In second place, with 7.3%, is UNION HOME MORTGAGE CORP., having originated $12,055,000 in loans. In third place, with 6.6%, is Civista Bank, having originated $10,905,000 in loans. In fourth place, with 6.1%, is KeyBank, having originated $9,965,000 in loans. In fifth place, with 5.8%, is PNC Bank, having originated $9,495,000 in loans.

    Norwalk Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Norwalk (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $124,611 (16.0%) $160,937 (17.9%) 0.00 199
    2018-02-01 $119,925 (22.4%) $160,172 (19.1%) 0.00 197
    2018-03-01 $124,900 (19.1%) $166,291 (17.6%) 0.00 178
    2018-04-01 $131,875 (20.0%) $168,901 (12.7%) 0.00 171
    2018-05-01 $137,925 (13.1%) $173,227 (16.5%) 0.00 165
    2018-06-01 $134,000 (7.3%) $167,552 (7.4%) 0.00 183
    2018-07-01 $138,175 (17.6%) $167,782 (7.8%) 0.00 198
    2018-08-01 $139,925 (16.7%) $173,064 (10.9%) 0.00 193
    2018-09-01 $137,675 (18.7%) $167,869 (8.3%) 0.00 195
    2018-10-01 $129,900 (13.0%) $160,023 (5.0%) 0.00 190
    2018-11-01 $132,225 (12.1%) $158,983 (1.5%) 0.00 183
    2018-12-01 $136,700 (5.7%) $162,252 (3.9%) 0.00 167
    2019-01-01 $129,322 (3.8%) $159,740 (-0.7%) 0.00 151
    2019-02-01 $119,900 (0.0%) $152,719 (-4.7%) 0.00 151
    2019-03-01 $122,043 (-2.3%) $150,756 (-9.3%) 0.00 158
    2019-04-01 $125,700 (-4.7%) $154,071 (-8.8%) 0.00 159
    2019-05-01 $131,875 (-4.4%) $162,429 (-6.2%) 0.00 157
    2019-06-01 $128,900 (-3.8%) $162,361 (-3.1%) 0.00 160
    2019-07-01 $126,847 (-8.2%) $156,861 (-6.5%) 0.00 173
    2019-08-01 $136,445 (-2.5%) $165,313 (-4.5%) 0.00 182
    2019-09-01 $132,764 (-3.6%) $163,973 (-2.3%) 0.00 187
    2019-10-01 $129,900 (0.0%) $160,416 (0.3%) 0.00 189
    2019-11-01 $129,900 (-1.8%) $159,010 (0.0%) 0.00 167
    2019-12-01 $126,450 (-7.5%) $158,520 (-2.3%) 0.00 161
    2020-01-01 $129,900 (0.5%) $170,855 (7.0%) 0.00 133
    2020-02-01 $132,450 (10.5%) $170,545 (11.7%) 0.00 126
    2020-03-01 $132,225 (8.3%) $162,193 (7.6%) 0.00 138
    2020-04-01 $137,000 (9.0%) $167,323 (8.6%) 0.00 135
    2020-05-01 $129,950 (-1.5%) $162,049 (-0.2%) 0.00 114
    2020-06-01 $141,725 (10.0%) $169,336 (4.3%) 0.00 97
    2020-07-01 $125,500 (-1.1%) $167,469 (6.8%) 0.00 95
    2020-08-01 $139,900 (2.5%) $184,075 (11.4%) 0.00 98
    2020-09-01 $138,425 (4.3%) $178,548 (8.9%) 0.00 100
    2020-10-01 $145,000 (11.6%) $183,035 (14.1%) 0.00 86
    2020-11-01 $129,900 (0.0%) $163,398 (2.8%) 0.00 96
    2020-12-01 $129,900 (2.7%) $154,042 (-2.8%) 0.00 85
    2021-01-01 $129,000 (-0.7%) $157,609 (-7.8%) 0.00 80
    2021-02-01 $127,000 (-4.1%) $148,451 (-13.0%) 0.00 67
    2021-03-01 $128,450 (-2.9%) $146,468 (-9.7%) 0.00 65
    2021-04-01 $134,725 (-1.7%) $160,931 (-3.8%) 0.00 58
    2021-05-01 $125,000 (-3.8%) $166,622 (2.8%) 0.00 54
    2021-06-01 $128,725 (-9.2%) $161,822 (-4.4%) 0.00 61
    2021-07-01 $149,900 (19.4%) $187,180 (11.8%) 0.00 73
    2021-08-01 $131,225 (-6.2%) $178,267 (-3.2%) 0.00 82
    2021-09-01 $153,900 (11.2%) $190,620 (6.8%) 0.00 78
    2021-10-01 $159,900 (10.3%) $204,758 (11.9%) 0.00 96
    2021-11-01 $137,500 (5.9%) $190,025 (16.3%) 0.00 90
    2021-12-01 $137,500 (5.9%) $189,153 (22.8%) 0.00 85
    2022-01-01 $132,000 (2.3%) $161,445 (2.4%) 0.00 131
    2022-02-01 $126,200 (-0.6%) $152,500 (2.7%) 0.00 131
    2022-03-01 $124,975 (-2.7%) $162,630 (11.0%) 0.00 58
    2022-04-01 $120,000 (-10.9%) $187,418 (16.5%) 0.00 52
    2022-05-01 $137,175 (9.7%) $211,820 (27.1%) 0.00 56
    2022-06-01 $136,850 (6.3%) $215,158 (33.0%) 0.00 59
    2022-07-01 $167,450 (11.7%) $242,550 (29.6%) 0.00 53
    2022-08-01 $193,750 (47.7%) $260,836 (46.3%) 0.00 51
    2022-09-01 $144,475 (-6.1%) $201,432 (5.7%) 0.00 69
    2022-10-01 $139,900 (-12.5%) $175,277 (-14.4%) 0.00 79
    2022-11-01 $145,650 (5.9%) $177,923 (-6.4%) 0.00 92
    2022-12-01 $140,500 (2.2%) $179,296 (-5.2%) 0.00 95
    2023-01-01 $181,150 (37.2%) $194,660 (20.6%) 0.00 61
    2023-02-01 $159,950 (26.7%) $191,245 (25.4%) 0.00 42
    Norwalk's median listing price for 2023-02-01 was $159,950, a difference of $33,750 (26.7%) versus the prior year and $-21,200 versus the prior month.

    Norwalk's median listing price comes in at 0% of the national average.

    Norwalk's average listing price for 2023-02-01 was $191,245, a difference of $38,745 (25.4%) versus the prior year and $-3,415 versus the prior month.

    For the 2023-02-01 period, Norwalk had 42 MLS listings, a difference of -19 listings (-31%) versus the prior month and -89 listings (-68%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Norwalk (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,728 sqft
    2018-02-01 0 days 1,686 sqft
    2018-03-01 0 days 1,650 sqft
    2018-04-01 0 days 1,646 sqft
    2018-05-01 0 days 1,728 sqft
    2018-06-01 0 days 1,707 sqft
    2018-07-01 0 days 1,709 sqft
    2018-08-01 0 days 1,745 sqft
    2018-09-01 0 days 1,696 sqft
    2018-10-01 0 days 1,630 sqft
    2018-11-01 0 days 1,648 sqft
    2018-12-01 0 days 1,669 sqft
    2019-01-01 0 days 1,629 sqft
    2019-02-01 0 days 1,675 sqft
    2019-03-01 0 days 1,646 sqft
    2019-04-01 0 days 1,643 sqft
    2019-05-01 0 days 1,641 sqft
    2019-06-01 0 days 1,633 sqft
    2019-07-01 0 days 1,625 sqft
    2019-08-01 0 days 1,733 sqft
    2019-09-01 0 days 1,751 sqft
    2019-10-01 0 days 1,764 sqft
    2019-11-01 0 days 1,691 sqft
    2019-12-01 0 days 1,662 sqft
    2020-01-01 0 days 1,730 sqft
    2020-02-01 0 days 1,740 sqft
    2020-03-01 0 days 1,652 sqft
    2020-04-01 0 days 1,679 sqft
    2020-05-01 0 days 1,634 sqft
    2020-06-01 0 days 1,660 sqft
    2020-07-01 0 days 1,634 sqft
    2020-08-01 0 days 1,773 sqft
    2020-09-01 0 days 1,727 sqft
    2020-10-01 0 days 1,698 sqft
    2020-11-01 0 days 1,606 sqft
    2020-12-01 0 days 1,576 sqft
    2021-01-01 0 days 1,584 sqft
    2021-02-01 0 days 1,472 sqft
    2021-03-01 0 days 1,404 sqft
    2021-04-01 0 days 1,570 sqft
    2021-05-01 0 days 1,533 sqft
    2021-06-01 0 days 1,563 sqft
    2021-07-01 0 days 1,604 sqft
    2021-08-01 0 days 1,640 sqft
    2021-09-01 0 days 1,650 sqft
    2021-10-01 0 days 1,700 sqft
    2021-11-01 0 days 1,623 sqft
    2021-12-01 0 days 1,595 sqft
    2022-01-01 0 days 1,362 sqft
    2022-02-01 0 days 1,375 sqft
    2022-03-01 0 days 1,397 sqft
    2022-04-01 0 days 1,470 sqft
    2022-05-01 0 days 1,489 sqft
    2022-06-01 0 days 1,539 sqft
    2022-07-01 0 days 1,644 sqft
    2022-08-01 0 days 1,763 sqft
    2022-09-01 0 days 1,578 sqft
    2022-10-01 0 days 1,520 sqft
    2022-11-01 0 days 1,485 sqft
    2022-12-01 0 days 1,449 sqft
    2023-01-01 0 days 1,567 sqft
    2023-02-01 0 days 1,615 sqft
    Norwalk's median listing age (time on market) for 2023-02-01 was 0 days.

    Norwalk's median square footage for active listings during the 2023-02-01 period was 1,615 sqft. One year prior, the average listing was 1,375 sqft.

    Norwalk, OH Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 558 $87,800,000 $157,348
    Cash Out Refi 199 $35,025,000 $176,005
    Refi 197 $23,495,000 $119,264
    Other 137 $11,285,000 $82,372
    Home Improvement 92 $6,610,000 $71,848

    Norwalk's most frequently cited loan purpose was Home Purchase, with 558 originations. The 2nd most popular reason was Cash Out Refi, with 199 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 297 $41,095,000 $138,367
    3-4% 266 $35,700,000 $134,211
    4-5% 247 $41,885,000 $169,575
    6-7% 151 $20,165,000 $133,543
    2.5-3% 102 $13,680,000 $134,118
    7-8% 45 $4,865,000 $108,111
    Over 8% 23 $1,015,000 $44,130
    <2.5% 23 $2,745,000 $119,348

    During 2022, Norwalk's most frequently originated rate bucket was 5-6%, with 297 originations.

    Loan Sizing (Norwalk, OH MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 548 $76,490,000 $139,580
    $100,000 or less 446 $27,290,000 $61,188
    $200k-400k 166 $42,990,000 $258,976
    $400k-600k 20 $9,370,000 $468,500
    $600k-1000k 2 $1,650,000 $825,000
    $Over $1MM 1 $6,425,000 $6,425,000

    Norwalk's loan sizing saw the bucket of loans from $100k-200k with 548 originations, totaling $76,490,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 489 $81,895,000 $167,474
    60-80% 288 $47,630,000 $165,382
    20-40% 130 $8,860,000 $68,154
    40-60% 129 $14,965,000 $116,008
    Under 20% 101 $3,615,000 $35,792
    Over 100% 11 $2,565,000 $233,182

    Norwalk's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 489 originations, totaling $81,895,000 in origination value.