Housing in Norwood, IL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — November 2025

Median Sale Price

$60,500

Median List Price

N/A

Price Per Sq Ft

$62

Days on Market

Active Inventory

N/A

Zillow Home Value

$113,705

ZHVI — January 2026

Price Trends

Source: Redfin

Sale Price ↓ 76.6%List Price ↓ 84.3%Mar 24 → Nov 25

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

86.6%

Buyer's market

Sold Above Asking

0.0%

Market Activity

Source: Redfin

Homes Sold

Homes Sold ↑ 0.0%New Listings ↑ 0.0%Pending ↑ 100.0%Mar 24 → Nov 25

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$62

Sale $/SF ↓ 25.3%List $/SF ↓ 88.4%Mar 24 → Nov 25

Norwood vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Norwood is highlighted.

Median Home Value

18th%ilemost expensive$93,500show rank

Median Rent

55th%ilemost expensive rent$1,000show rank

Median Price Per Sq Ft

7th%ilemost expensive $/sqft$62show rank

Rent Burden

42nd%ilehighest rent burden17.5%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$93,500

Median Rent

$1,000

Total Housing Units

217

Vacancy Rate

7.4%

Owner Occupied

88.1%

Renter Occupied

11.9%

Median Property Tax

$2,663

per year

Monthly Cost (w/ Mortgage)

$738

Housing Types

Single Family

99.5%

Multi-Family

0.0%

Mobile Home

0.5%

The current median sale price in Norwood, IL is $60,500 according to Redfin data. Homes spend a median of 26 days on the market. 0.0% of homes sold above asking price. The median price per square foot is $62. The median rent is $1,000 per month (Census ACS). About 88.1% of housing units are owner-occupied. The median year homes were built is 1957. There are 217 total housing units.