The Norwood housing market is very competitive. The median sale price of a home in Norwood was $333K last month, up 0.3% since last year. The median sale price per square foot in Norwood is $181, down 6.7% since last year.
In January 2025, Norwood home prices were up 0.3% compared to last year, selling for a median price of $333K. On average, homes in Norwood sell after 66 days on the market compared to 24 days last year. There were 10 homes sold in January this year, down from 14 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$332,500
+0.3% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Norwood, MN
$332,500
+0.3%
United States
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How hot is the Norwood housing market?
Norwood is very competitive. Homes sell in 41.5 days.
0
100
71
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 42 days.
Hot homes
can sell for about 3% above list price and go pending in around 16 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Norwood housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Norwood.
Flood Factor - Minor
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Norwood has a minor risk of flooding. 11 properties in Norwood are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in Norwood. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Norwood has a minor risk of wildfire. There are 2 properties in Norwood that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Norwood.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Norwood has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Norwood is most at risk from severe storms. 1,587 properties in Norwood have some risk of being in a severe wind event within the next 30 years.