Is Norridge, IL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Norridge is a seller's market


Difference Since August 2022

Since last year, Norridge has remained a Seller's Market.

Key Takeaway

Norridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Norridge, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Norridge have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Norridge was $357,750 in August 2023, up 4.2% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $132K$170K
2 $267K$298.3K
3 $355.6K$366.2K
4 $515K$455K
5+ $660K$567.5K

Summary: Norridge housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 28.8%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 14%.

Median Sold Price Compared To Nearby Cities

Norwood Park Township
Leyden Township
Harwood Heights

Housing Supply

How many homes are available in Norridge, IL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Norridge real estate market had 65 homes for sale in August 2023, a 35.4% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 01
2 812
3 2836
4 78
5+ 58

Summary: The Norridge housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norridge, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Norridge in August 2023, up by 111.1% month-over-month. Of the 19 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% were sold over asking.

Days on Market

How long does it take to sell a home in Norridge, IL?

Average Sale Time

Aug 2022Aug 2023CHANGE
14 Days23 Days+66.0%

Summary: Homes in Norridge had an average of 23 days on market in Aug 2023, up by 66% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Norridge are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 19 homes were sold in Norridge; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

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Nearby Markets

What housing markets are near Norridge, IL?