Housing Prices in Norwood, IL
How much do homes in Norwood, IL cost?
Median List Price
$147,450
$89/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Norwood has increased by 53.7% since last year.
Summary: The median home list price in Norwood was $147,450 in March 2024, up 53.7% from the previous year, and the median price per square foot was $89.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $49K | $52K | +6.1% |
| 2 Bedrooms | $90.9K | $44.9K | -50.6% |
| 3 Bedrooms | $104.9K | $147.4K | +40.5% |
| 4 Bedrooms | $157.5K | $214.4K | +36.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Norwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes decreased by 50.6%, 3 bedroom homes increased by 40.5%, 4 bedroom homes increased by 36.2%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Norwood | $95.9K | $147.4K | +53.7% |
| Limestone Township | $131K | $139.9K | +6.8% |
| Kickapoo Township | $345K | $365K | +5.8% |
Housing Supply in Norwood, IL
How many homes are available in Norwood, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Summary: The Norwood real estate market had 4 homes for sale in March 2024, a 100.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Norwood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Norwood, IL
How long does it take to sell a home in Norwood, IL?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 102 Days | 36 Days | -64.2% |
Summary: Homes in Norwood had an average listing age of 36 days in Mar 2024, down by 64.2% compared to the previous year.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.