October's First-Time Homebuyer Report for Norwood Park

Norwood Park is the fifth-youngest neighborhood in Chicago, IL, with a median age of 44. It also ranks 21st in terms of affluence with a median income of $61,127 per household. The Norwood Park market is primarily made up of detached houses, which currently account for 87% of the homes for sale in the area. The best school in the neighborhood is Edison Elementary Regional Gifted Center.

Price Range

The median value of homes in Norwood Park is $253,086, making it one of the most valuable areas in Chicago, IL. At the same time, the average list price of available homes is presently $334,058. The Norwood Park market was healthy this week as sales climbed 10.4% to hit 53 homes sold over the last 30 days.

Out of all the listings in Norwood Park, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$233K   $565K   $332K  

Typical Dwelling

The typical dwelling in Norwood Park is a three-bedroom detached home worth about $330,119. To purchase a similar home, a buyer with good credit and a $66,024 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,704 monthly payment. The property tax rate is $16.10 per $1,000 of taxable assessed value.

Get started right now by checking out Norwood Park homes for sale or reviewing Norwood Park real estate trends.


Data reported through 10/13/2016

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