Brokers — List your Company Here
Featured local agent — Norwood, NJ
Sarah Mitchell
Compass Real Estate · Norwood, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Norwood, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.53Mmedian sale price
How is the Norwood, NJ housing market right now?
The median home sale price in Norwood, NJ is $1.53M, up 54.2% year-over-year. Homes sell in an average of 77 days with 27 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Norwood a buyer's or seller's market?
Norwood, NJ is currently a buyer's market, based on 6.8 months of supply and homes selling in about 77 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
77
Average pace
Active listings
27
6.8 months supply
Sale-to-list
98.8%
Below asking
What does the Norwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.53M |
| Median list price | $846,500 |
| Year-over-year price change | +54.2% |
| Average days on market | 77 days |
| Active inventory | 27 listings |
| Months of supply | 6.8 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $392/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 10 |
| Listings with a price cut | 7.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Norwood by property type?
How the Norwood, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.53M | $392/sq ft | 4 | 77 days |
| Condo / Co-op | $359,740 | — | 1 | 27 days |
| Townhouse | $820,000 | — | 1 | 81 days |
Source: Redfin · Updated monthly
The Norwood housing market is currently classified as a buyer's market with a median sale price of $1.53M. Prices have risen 54.2% compared to last year, with homes spending an average of 77 days on market, indicating 6.8 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 5.6x provides context for how home values compare to local earning capacity.
Homes for sale in Norwood
There are currently 27 homes listed for sale in Norwood, New Jersey. The median listing price is $847K.
Active listings
27
Homes on market
Median list price
$847K
Avg. days on market
77
Days until sale
New this week
10
Newly listed
Who lives in Norwood?
Population
5,668
Median income
$164,766/yr
Median age
47.5 years
Owner-occupied
80.2%
College grads
60.0%
Avg commute
33.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Norwood?
Zillow home value
$919,872
Price-to-income
5.6x
Source: Zillow Research
What is it like to live in Norwood?
Norwood is a community of approximately 6K residents with a median age of 47.5 years.The median household income is $164,766, which reflects a relatively affluent area with strong earning potential. 60.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 80.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.7 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Norwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Norwood?
2 schools tracked · 784 students
The largest public schools serving Norwood, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Norwood Public School
Grades PK-8 · 580 students
Northern Valley Central
Grades PK-12 · 204 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Norwood, NJ?
Want a head-to-head view? Compare Norwood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Norwood?
The median home sale price in Norwood is $1.53M, up 54.2% from last year.
How long do homes stay on market in Norwood?
Homes typically spend 77 days on market before going under contract.
What is the median income in Norwood?
The median household income is $164,766 per year.
Is Norwood a buyer's or seller's market?
With 6.8 months of supply, Norwood is currently a buyer's market.
What is the Zillow home value estimate for Norwood?
The Zillow Home Value Index (ZHVI) for Norwood is $919,872, representing the typical home value in the area.
What is the median condo price in Norwood?
The median condo/co-op sale price in Norwood, NJ is $359,740, compared to $1.53M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Norwood?
The median single-family home price in Norwood, NJ is $1.53M (about $392 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Norwood, NJ
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Norwood market alerts
Weekly updates on prices, inventory, and trends. Free forever.