The Norwood housing market is very competitive. The median sale price of a home in Norwood was $337K last month, up 20.5% since last year. The median sale price per square foot in Norwood is $182, up 0.3% since last year.
In March 2024, Norwood home prices were up 20.5% compared to last year, selling for a median price of $337K. On average, homes in Norwood sell after 25 days on the market compared to 34 days last year. There were 12 homes sold in March this year, up from 7 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$337,450
+20.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Norwood, MN
$337,450
+20.5%
United States
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How hot is the Norwood housing market?
Norwood is very competitive. Homes sell in 22.5 days.
0
100
80
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 about 2% above list price and go pending in around 23 days.
Hot homes
can sell for about 5% above list price and go pending in around 10 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.
Risk Factor
Flood Factor - Minor
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Norwood has a minor risk of flooding. 18 properties in Norwood are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in Norwood. Flood risk is increasing faster than the national average.
6% of properties are at risk of wildfire over the next 30 years
Fire Factor
Norwood has a moderate risk of wildfire. There are 96 properties in Norwood that have some risk of being affected by wildfire over the next 30 years. This represents 6% of all properties in Norwood.