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Featured local agent — Norwood, PA
Sarah Mitchell
Compass Real Estate · Norwood, PA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Norwood, PA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$462,500median sale price
How is the Norwood, PA housing market right now?
The median home sale price in Norwood, PA is $462,500, up 49.2% year-over-year. Homes sell in an average of 56 days with 8 active listings. The market is currently a balanced 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, PA is currently a balanced market, based on 1.6 months of supply and homes selling in about 56 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
56
Average pace
Active listings
8
1.6 months supply
Sale-to-list
88.4%
Below asking
What does the Norwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $462,500 |
| Median list price | $215,000 |
| Year-over-year price change | +49.2% |
| Average days on market | 56 days |
| Active inventory | 8 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 88.4% |
| Median price per sq ft | $130/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 4 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Norwood by property type?
How the Norwood, PA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $360,000 | $214/sq ft | 1 | 4 days |
| Townhouse | $305,000 | $196/sq ft | 1 | 59 days |
Source: Redfin · Updated monthly
The Norwood housing market is currently classified as a balanced market with a median sale price of $462,500. Prices have risen 49.2% compared to last year, with homes spending an average of 56 days on market, indicating 1.6 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 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Norwood
There are currently 8 homes listed for sale in Norwood, Pennsylvania. The median listing price is $215K.
Active listings
8
Homes on market
Median list price
$215K
Avg. days on market
56
Days until sale
New this week
4
Newly listed
Who lives in Norwood?
Population
5,915
Median income
$89,135/yr
Median age
40.8 years
Owner-occupied
73.5%
College grads
26.2%
Avg commute
27.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Norwood?
Zillow home value
$296,901
Zillow rent index
$1,950/mo
Price-to-rent ratio
12.7x
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Norwood?
Norwood is a community of approximately 6K residents with a median age of 40.8 years.The median household income is $89,135, which reflects a relatively affluent area with strong earning potential. 26.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 73.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.7 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?
1 schools tracked · 561 students
The largest public schools serving Norwood, PA 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 Sch
Grades 1-8 · 561 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, PA?
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 12.7x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 49.2% 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 $462,500, up 49.2% from last year.
How long do homes stay on market in Norwood?
Homes typically spend 56 days on market before going under contract.
What is the median income in Norwood?
The median household income is $89,135 per year.
Is Norwood a buyer's or seller's market?
With 1.6 months of supply, Norwood is currently a balanced market.
What is the Zillow home value estimate for Norwood?
The Zillow Home Value Index (ZHVI) for Norwood is $296,901, 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, PA is $360,000 (about $214 per square foot).
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