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Featured local agent — Norwood, NC
Sarah Mitchell
Compass Real Estate · Norwood, NC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Norwood, NC Housing Market & Real Estate
Housing market overview · Updated monthly ·
$159,900median sale price
How is the Norwood, NC housing market right now?
The median home sale price in Norwood, NC is $159,900, up 3.2% year-over-year. Homes sell in an average of 267 days with 28 active listings. The market is currently a leaning buyer's. (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, NC is currently a leaning buyer's, based on 28.0 months of supply and homes selling in about 267 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
267
Average pace
Active listings
28
28.0 months supply
Sale-to-list
103.2%
Above asking
What does the Norwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $159,900 |
| Median list price | $792,000 |
| Year-over-year price change | +3.2% |
| Average days on market | 267 days |
| Active inventory | 28 listings |
| Months of supply | 28.0 months |
| Sale-to-list price ratio | 103.2% |
| Median price per sq ft | $161/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 8 |
| Listings with a price cut | 25.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Norwood by property type?
How the Norwood, NC market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $159,900 | $161/sq ft | 1 | 267 days |
Source: Redfin · Updated monthly
The Norwood housing market is currently classified as a leaning buyer's with a median sale price of $159,900. Prices have risen 3.2% compared to last year, with homes spending an average of 267 days on market, indicating 28.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.1x provides context for how home values compare to local earning capacity.
Homes for sale in Norwood
There are currently 28 homes listed for sale in Norwood, North Carolina. The median listing price is $792K.
Active listings
28
Homes on market
Median list price
$792K
Avg. days on market
267
Days until sale
New this week
8
Newly listed
Who lives in Norwood?
Population
3,110
Median income
$57,953/yr
Median age
43 years
Owner-occupied
64.3%
College grads
19.5%
Avg commute
27.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Norwood?
Zillow home value
$293,950
Price-to-income
5.1x
Source: Zillow Research
What is it like to live in Norwood?
Norwood is a community of approximately 3K residents with a median age of 43 years.The median household income is $57,953, which represents a working-class community with solid middle-income opportunities. 19.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 64.3%, showing a blend of owner and renter-occupied properties. The average commute time is 27.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Norwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Norwood?
4 schools tracked · 1,493 students
The largest public schools serving Norwood, NC 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.
South Stanly High
Grades 9-12 · 434 students
South Stanly Middle
Grades 6-8 · 362 students
Aquadale Elementary
Grades PK-5 · 354 students
Norwood Elementary
Grades K-5 · 343 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, NC?
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 $159,900, up 3.2% from last year.
How long do homes stay on market in Norwood?
Homes typically spend 267 days on market before going under contract.
What is the median income in Norwood?
The median household income is $57,953 per year.
Is Norwood a buyer's or seller's market?
With 28.0 months of supply, Norwood is currently a leaning buyer's.
What is the Zillow home value estimate for Norwood?
The Zillow Home Value Index (ZHVI) for Norwood is $293,950, representing the typical home value in the area.
How much does a single-family home cost in Norwood?
The median single-family home price in Norwood, NC is $159,900 (about $161 per square foot).
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