Photo: Theemausoliam · CC BY-SA 4.0205 homes sold in Norwood Park Township in the last year, at a typical $417K
Redfin reports Norwood Park Township’s sales by ZIP code, so these figures are for ZIP 60706, which takes in Norwood Park Township and the area around it. About one sale in 5 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Norwood Park Township homes are listed.
Every place Norwood Park Township homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Norwood Park Township.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
18% of Norwood Park Township’s sales are condos, at $143K less than a house
163 houses and 39 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 163 sold in the year to May 2026
- Per square foot
- $315IL $180
- Days to sell
- 49
- Sold over asking
- 44%
typical sale · 39 sold in the year to May 2026
- Per square foot
- $233IL $251
- Days to sell
- 62
- Sold over asking
- 13%
Fewer homes sell than before 2022, at 1.6 times the 2016 price
205 sales in the last year, against 369 in 2021 and a low of 218 in 2023. The typical sale went from $256K in 2016 to $417K.
Source: Redfin Data Center, MLS sales; for ZIP 60706, which takes in Norwood Park Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $400K buys in Norwood Park Township
Check a listing against what Norwood Park Township homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Norwood Park Township are more common than before the pandemic, but half fewer homes come up for sale
We read every month of home sales in ZIP 60706 since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 205 sales.
If you’re buying in Norwood Park Township
- Shop in April. It brings about 32 new listings a month, close to the busiest month, with fewer bidding wars (24% over asking).
- Bid near asking. Buyers paid 98.9% of the list price on average; 33% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 39 a month), but June is the most competitive: 28% of June sales close over asking. April and May offer nearly as much choice with fewer homes bid up (24%). February has the least competition (14%) but only about 18 new listings.
Averages for each calendar month, 2015 on.
Hotter than in 2021, and about like Illinois as a whole
| Norwood Park Township now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 33% | 19% | 22% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 51% | 37% | 42% | 45% |
| Price paid vs. askingAverage sale price ÷ list price | 98.9% | 97% | 97.4% | 99% |
| Days to sellMedian days from listing to contract | 51 | 61 | 28 | 51 |
45 homes for sale on a typical day
That’s 53% fewer than in 2017–19 and well under 2019’s 113.
Since 2019, houses are up 37%, condos 29%
A house typically sold for $422K in the year to May 2026 (163 sales), a condo for $279K (39).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, ZIP code tracker; for ZIP 60706, which takes in Norwood Park Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2012 to September 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Norwood Park Township home costs about $2,791 a month
Price: Norwood Park Township’s typical sale, last 12 months. Property tax at Norwood Park Township’s 1.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Norwood Park Township is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. January has the fewest, about 16.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $417K home, about $7,390 a year.
Taxes vs. neighborsSchools
The schools grade for Norwood Park Township, from test results, graduation and how much students grow.
Schools in Norwood Park TownshipTypical commute
The average one-way trip to work for people who live in Norwood Park Township.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Harwood Heights, Schiller Park, Elmwood Park and River Grove sell for less a square foot
The busier markets within 25 miles of Norwood Park Township, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Park Ridge | 460 | $635K | $315 | 37% | 49 |
| Elmwood Park | 279 | $386K | $228 | 40% | 56 |
| Norwood Park Township (ZIP 60706) | 205 | $417K | $286 | 33% | 51 |
| Norridge | 125 | $431K | $302 | 33% | 49 |
| River Grove | 119 | $321K | $233 | 40% | 57 |
| Schiller Park | 112 | $290K | $227 | 45% | 60 |
| Harwood Heights | 70 | $403K | $266 | 34% | 64 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Norwood Park Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Norwood Park Township. People who follow the town see it, and so do people comparing Norwood Park Township with their own town. No commission, no listing fee.
Questions about buying a home in Norwood Park Township
What do homes sell for in Norwood Park Township, IL?
205 homes sold in the year to September 2026 at a typical $417K, $286 a square foot. Houses sold for about $422K, condos for about $279K in the year to May 2026.
Is Norwood Park Township a buyer’s or seller’s market?
A seller’s market: 47 homes were for sale in September 2026 and 25 sold, about 1.9 months of supply. Buyers paid 98.9% of asking on average.
When is the best time to buy in Norwood Park Township?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Norwood Park Township?
About 1.8% of a home’s value a year. On a $417K home that’s near $7,390.
Where can I see homes for sale in Norwood Park Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Norwood Park Township’s MLS listings; the search links above open each one filtered to Norwood Park Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 60706, which takes in Norwood Park Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).