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Featured local agent — Norwood, OH
Sarah Mitchell
Compass Real Estate · Norwood, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Norwood, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$356,000median sale price
How is the Norwood, OH housing market right now?
The median home sale price in Norwood, OH is $356,000, up 18.1% year-over-year. Homes sell in an average of 39 days with 87 active listings. The market is currently a seller'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, OH is currently a seller's market, based on 2.9 months of supply and homes selling in about 39 days. How we determine this →
Homes sold
30
Last 12 weeks
Days on market
39
Average pace
Active listings
87
2.9 months supply
Sale-to-list
101.3%
Above asking
What does the Norwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $356,000 |
| Median list price | $310,000 |
| Year-over-year price change | +18.1% |
| Average days on market | 39 days |
| Active inventory | 87 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 101.3% |
| Median price per sq ft | $205/sq ft |
| Homes sold (latest month) | 30 |
| New listings (latest month) | 37 |
| Listings with a price cut | 24.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Norwood by property type?
How the Norwood, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $356,000 | $211/sq ft | 28 | 39 days |
Source: Redfin · Updated monthly
The Norwood housing market is currently classified as a seller's market with a median sale price of $356,000. Prices have risen 18.1% compared to last year, with homes spending an average of 39 days on market, indicating 2.9 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 3.9x provides context for how home values compare to local earning capacity.
Homes for sale in Norwood
There are currently 87 homes listed for sale in Norwood, Ohio. The median listing price is $310K.
Active listings
87
Homes on market
Median list price
$310K
Avg. days on market
39
Days until sale
New this week
37
Newly listed
Who lives in Norwood?
Population
19,023
Median income
$64,724/yr
Median age
33.2 years
Owner-occupied
47.2%
College grads
37.6%
Avg commute
22 min
Source: U.S. Census Bureau ACS
What are homes worth in Norwood?
Zillow home value
$254,564
Zillow rent index
$1,526/mo
Price-to-rent ratio
13.9x
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Norwood?
Norwood is a community of approximately 19K residents with a median age of 33.2 years.The median household income is $64,724, which represents a working-class community with solid middle-income opportunities. 37.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 47.2%, showing a blend of owner and renter-occupied properties. The average commute time is 22 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?
6 schools tracked · 1,680 students
The largest public schools serving Norwood, OH 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 High School
Grades 9-12 · 448 students
Norwood Middle School
Grades 6-8 · 374 students
Norwood View Elementary School
Grades PK-5 · 264 students
Sharpsburg Elementary
Grades PK-5 · 258 students
Williams Avenue Elementary School
Grades PK-5 · 243 students
The Norwood Montessori School
Grades PK-2 · 93 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, OH?
Want a head-to-head view? Compare Norwood side-by-side with any other U.S. city using our market-comparison tool.
Is Norwood a good real estate investment market?
For investors evaluating Norwood, the price-to-rent ratio of 13.9x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 18.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Norwood's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Norwood's median home price.
Frequently asked questions
What is the average home price in Norwood?
The median home sale price in Norwood is $356,000, up 18.1% from last year.
How long do homes stay on market in Norwood?
Homes typically spend 39 days on market before going under contract.
What is the median income in Norwood?
The median household income is $64,724 per year.
Is Norwood a buyer's or seller's market?
With 2.9 months of supply, Norwood is currently a seller's market.
What is the Zillow home value estimate for Norwood?
The Zillow Home Value Index (ZHVI) for Norwood is $254,564, 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, OH is $356,000 (about $211 per square foot).
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