Norwood Young America, MN—55397

As of Aug '25, the median home price in Norwood Young America, MN is $337,000, with a year-over-year change of 2.5%. This indicates that home prices in Norwood Young America, MN are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Norwood Young America, MN is 53. This is an increase of 5.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Norwood Young America, MN in that year was 101. 89.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 54.0%. Of those, 27.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Norwood Young America, MN. Investor activity in Norwood Young America, MN is low, as 3.0% of all loans are originated by investors. In 2023, 9.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.