Housing Prices in Norwood, NJ

How much do homes in Norwood, NJ cost?

Median List Price

$1,225,000

$74/sqft

Based on all homes listed in November 2024.

Difference Since Last Month

-$25,000(-2.0%)

Key Takeaway

The list price of homes in Norwood has decreased by 2% since October.

Summary: The median home list price in Norwood was $1,225,000 in November 2024, down 2% from the previous month, and the median price per square foot was $74.

Median List Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $211.1K$211.1K
0.0%
2 --
N/A
3 $824.9K$824.9K
0.0%
4 $1.8M$1.2M
-36.5%
5+ $1.9M$1.8M
-6.3%

Summary: Norwood housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 36.5%, and 5+ bedroom homes decreased by 6.3%.

Median List Price Compared To Nearby Cities

Norwood
-2.0%
Closter
-20.1%

Housing Supply in Norwood, NJ

How many homes are available in Norwood, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
512+140.0%

Summary: The Norwood real estate market had 12 homes for sale in November 2024, a 140.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 00
0.0%
3 22
0.0%
4 13
+200.0%
5+ 16
+500.0%

Summary: The Norwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 500%.

Days on Market for Norwood, NJ

How long does it take to sell a home in Norwood, NJ?

Average Listing Age

Oct 2024Nov 2024CHANGE
73 Days50 Days-30.7%

Summary: Homes in Norwood had an average listing age of 50 days in Nov 2024, down by 30.7% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Norwood, NJ

Nearby Markets to Norwood, NJ

What housing markets are near Norwood, NJ?