Friday, April 01, 2016

Norwood Park Chicago single family homes sales, median price up about $50K since 2012

Attractive homes near the Metra station in Norwood Park (all photos Eric Rojas, Broker, Kale Realty).
We're working with a client selling a house in Norwood Park.  It's a good time to check out over-all home sales in this great Northwest Side Chicago neighborhood. We see the neighborhood sales and median price going up a bit over the last few years. Rising prices and sales are not as extreme as closer to the lake. Nevertheless sales are swift.
Old Norwwod Park "circle" Google Maps

The Norwood Park community area is one of Chicago's 77 designated neighborhoods.  There are smaller sub-neighborhoods as in every Chicago community area.  Homes in the Old Norwood Park "circle" near the Metra station tend to be the most expensive while there are many affordable bungalows throughout the area. Norwood Park boasts a Historic District.

Norwood Park single family home sales January 1st to March 31st, 2016

64 single family homes have sold thus far in 2016. The median price is a very attractive $280,000.  The highest priced closed home this year is $682,500 for a new construction house at 7754 W Rascher Ave , Chicago, Illinois 60656.  The lowest price sold house is $154,000 for 6068 N Elston Ave , Chicago, Illinois 60646. The small raised ranch was a foreclosure sale.

Norwood Park over-all single family home sales year to year

Wow. 409 single family homes changed hands in 2015. The median price was about $285,500. 
In 2014, 381 single family homes sold with a median price of $290,000.
In 2013, 387 single family homes sold with a median price about $265,000
In 2012, 336 single family homes sold with a median price about $235,000

Contact us to find or sell a home on the Northwest Side!

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