With 5,890 residents, Norwood is a larger than average city in Pennsylvania. Also, with 7,579.0 people per square mile, it has a much higher than average density in comparison to other parts of the state. Norwood is an area where most people own their homes, with an ownership ratio of 70.9%. Heading the list of top schools in the city is Norwood School.
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$557K  
The Norwood market has established a new upward trend, even as sales fell 20.0% this week to eight homes over the last 30 days. Potential buyers should note that there are now four months of inventory available in Norwood and prices have come down. The median sales price dropped to $107,950.
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$169K  
Over the last 30 days, the Norwood market was strong with 10 homes sold, a 25.0% increase from last week's report. In comparison, nearby Philadelphia had 1,547 sales in the same time frame, the most of all neighboring cities. The median sales price in Norwood stayed put this week at $147,950. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that Norwood is a seller's market.
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$235K  
The Norwood market saw sales remain steady this week at five homes sold over the last 30 days, while it undergoes a confirmed downward trend in price reductions, with six in the same time frame. The median sales price of all transactions in Norwood did not budge this week, remaining at $177,000.
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$249K  
Over the last 30 days, the number of homes sold in the Norwood rose to five. While the sales increased, the amount of pending transactions also trended upward, reaching a total of nine during the same period. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. The median sales price dropped to $177,000, down from last week's $199,900.
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The population of Norwood is affluent compared to others in Pennsylvania with a median income of $55,063 per household. It's also considered a very expensive city in terms of affordability with a cost of living adjustment score of 109.1. With a median age of 60 years, homes in Norwood tend to be older than most. The top school in the city is Norwood School.
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$115K  
The Norwood market might be slowing in the coming weeks. Sales fell this week to one home sold over the last 30 days, and there is a recent downward trend in the number of new listings, with six going live in the same time frame. The median sales price climbed to $199,900 over the latest reporting period for Norwood, up from $179,900. Norwood is a definite buyer's market, thanks to a big 29 months of inventory to choose from and a pullback in sales.
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$104K  
A three-week rough patch for the overall sales trend continues in the Norwood market, with number of sales staying even at four over the last 30 days. Potential buyers should note that prices went up in Norwood, with the median for this period rising from $113,450 to $179,900. With a downward trend in sales numbers and eight months of inventory still left to work through, Norwood is a definite buyer's market.
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$149K  
The Norwood market slowed with a 20.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 4.9 monthly average with four homes sold. In comparison, nearby Philadelphia had 1,337 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices went up in Norwood, with the median for this period rising from $80,000 to $113,450. Along with the slip in sales, a relatively high eight months of inventory indicates that Norwood is a solid buyer's market.
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$104K  
The Norwood market broke below its 12-month average sales volume this week as sales slid 20.0% to hit four homes sold over the last 30 days. On the other hand, close-by Philadelphia registered 1,255 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $119,950, down from last week's $159,900. Norwood is a definite buyer's market, thanks to a big eight months of inventory to choose from and a pullback in sales.
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