Comprehensive market data and analysis• Updated Dec 2025
8.4 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 2 | 2 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | 1 | 2 |
| 5-10 acres | - | 2 | 2 | 3 |
| 10-20 acres | - | 2 | 4 | 4 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 5 | 9 | 12 |
Acreage buckets
The median price for land in Norwich, New York is currently $5K per acre. For a typical parcel, the median sale price is $35K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $15K while premium lots reached $53K.
Norwich, New York is currently a balanced market with 8.4 months of supply. Conditions favor neither buyers nor sellers significantly.
Norwich, New York currently has 8.4 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The current absorption rate in Norwich, New York is 11.9% (3-month basis), indicating moderate demand. The top-performing broker in this market is Howard Hanna.
Land in Norwich, New York averages $14K per acre. The median price per acre is $5K, which may be more representative of typical transactions. Most parcels sold are around 5.7 acres.
The 3-month absorption rate in Norwich, New York is 11.9%. The 12-month rate is 7.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 14 active listings in Norwich, New York. 1 new listings have hit the market in the last 90 days. The median asking price is $92K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
