Market Intelligence · MI / Norway

Norway, MI 49870 Housing Market

Homes in Norway, MI 49870 are worth about $163,380 on average, down 1.3% over the past year. The median list price sits at $164,900, and homes typically spend 37 days on the market.

Updated September 2026Median value$163K

The median home value in Norway, MI 49870 is $163K as of September 2026, down 1.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 49870 range

$150K to $176K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.3% over 12 months

Sep 2025$165K

Low $161KHigh $167K

Sep 2026$163K

The numbers

What is the 49870 housing market like?

As of September 2026

Typical home value

$163K

1.3%YoY

Median list price

$165K

11.9%MoM

Days on market

27.6%MoM

Homes for sale

37.5%MoM

Price cuts

24.2%

New listings

100.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

49870 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 49870 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 49870 fell 1.3%, per the Zillow Home Value Index.

Will home prices drop in 49870?

Zillow's forecast does not call for a drop: it expects typical home values in 49870 to rise 1.6% by September 2027, after a 1.3% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 49870 home prices compare?

49870$163,380
Norway$163,380
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Norway: 1 ZIP; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

The market here reflects modest softness. There are 11 homes currently for sale, with 8 new listings added in September 2026. Nearly a quarter of listings, specifically 24.2%, have seen price cuts. These price reductions paired with the year-over-year decline in home values suggest a buyer-friendly environment. If you're thinking about selling, expect active competition and the likelihood that your home may need to compete on price or condition.

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Home price

Down payment20% · $32,676

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Common questions

What people ask us.

What is the typical home value in Norway, MI 49870?

The typical home value is $163,380, down 1.3% over the past year as of September 2026.

How long do homes stay on the market here?

The median days on market is 37, meaning homes typically take about five weeks to sell.

What share of homes are seeing price cuts?

As of September 2026, 24.2% of listings have had a price cut, indicating moderate negotiation in the market.

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