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Housing in Norwood

3 homes sold in Norwood in the last year, at a typical $79K

Almost every sale is a house. Below: a shortcut to every site where Norwood homes are listed.

Homes sold
3
April 2025 to March 2026
Typical sale price
$79K
median, weighted by sales
Price per square foot
$64
Illinois $191
Paid vs. asking
95.5%
0% sold over asking
For sale now
1
March 2026 · 1 sold that month
Rent or buy?

Owning the typical Norwood home costs about $594 a month

Mortgage
Property tax
Insurance
Rent

Price: Norwood’s typical sale, last 12 months. Property tax at Norwood’s 2.8% (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 is affordable on local pay is on Cost of living.

Before you buy in Norwood

Four things worth knowing

2.8%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $79K home, about $2,190 a year.

Taxes vs. neighbors
29 min

Typical commute

The average one-way trip to work for people who live in Norwood.

Work & commute
Flood

Check 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 hazards
Records

Look 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.

Selling, or renting out?

Post your home to Norwood, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Norwood. People who follow the town see it, and so do people comparing Norwood with their own town. No commission, no listing fee.

Questions about buying a home in Norwood

What do homes sell for in Norwood, IL?

3 homes sold in the year to March 2026 at a typical $79K, $64 a square foot.

Is Norwood a buyer’s or seller’s market?

A seller’s market: 1 homes were for sale in March 2026 and 1 sold, about 1 months of supply. Buyers paid 95.5% of asking on average.

How much are property taxes in Norwood?

About 2.8% of a home’s value a year. On a $79K home that’s near $2,190.

Where can I see homes for sale in Norwood?

Zillow, Redfin, Realtor.com and Homes.com all carry Norwood’s MLS listings; the search links above open each one filtered to Norwood.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). 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).