Norway, IA

Norway, IA is a small town located in southeastern Iowa. The population was 1,921 at the 2010 census. Norway was founded in 1881 and named for the country of Norway. The town's economy is based on agriculture and manufacturing.

Real estate in Norway is primarily composed of farmland and residential properties. The median price of a home in Norway was $119,000 in January 2017. There are currently 246 homes for sale in Norway and the average list price is $137,000. The majority of homes (191) are single-family dwellings while 27 are duplexes or triplexes. There are also 10 multi-unit dwellings available for purchase in Norway including apartments, condos, and townhouses.

The top three types of real estate that are most frequently sold in Norway include single-family detached homes (30%), single-family attached homes (27%), and multi-unit dwellings (25%). Approximately half of all sales (49%) occur within the first six months after being listed while 41% take place over the course of two years or more from when they're listed.

There are several factors that contribute to the high demand for real estate in Norway including its location within an agricultural region with good job opportunities, its low crime rate, its low cost of living relative to other areas within Iowa, as well as its close proximity to Des Moines and Cedar Rapids which offer a variety of amenities not available locally such as shopping malls, movie theaters, restaurants etc..