Norwood Housing Market Report March 2025•Jefferson County, Alabama

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Housing Prices in Norwood, AL

How much do homes in Norwood, AL cost?

Housing Market Conditions

Is Norwood, AL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Norwood is a Buyer's Market

Difference Since February 2025

Last month, Norwood has remained a Buyer's Market.

Insight

Norwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$139,000$133/SqFt
-$6,000
-4.1%

Based on all homes sold in March 2025

Insight

Homes in Norwood have sold for 4.1% less than they did a month ago.

Summary: The median home sold price in Norwood was $139,000 in March 2025, down 4.1% from last month, and the median price per square foot was $133.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Norwood
-4.1%
Central City
-28.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2025Mar 2025Change MoM
1--
N/A
2$50K$230K
+360.0%
3$240K$48K
-80.0%
4--
N/A
5--
N/A

Summary: Norwood housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +360.0%. The home price for 3 bedroom homes decreased by -80.0%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Norwood, AL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Norwood, AL

Housing supply in Norwood, AL

How many homes are available in Norwood, AL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
28Last MonthMar 2025
232 months agoFeb 2025
+21.7 %
Change MoMFeb – Mar

Summary: The Norwood real estate market had 28 homes for sale in Mar 2025, a 21.7 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthMar 2025
22 months agoFeb 2025
0.0 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
434
+33.3%
524
+100.0%
100
0.0%
243
-25.0%
31417
+21.4%

Summary: Norwood housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes increased by +100.0%. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes increased by +21.4%.

Asking Price vs. Sold Price

How much do homes in Norwood, AL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price0 Home

Insight

If you're buying a home in Norwood, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Norwood in March 2025, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and and 0% were sold over asking.

Days on Market for Norwood, AL

How long does it take to sell a home in Norwood, AL?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Norwood are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 2 homes were sold in Norwood; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
11 DaysLast MonthMar 2025
143 Days1 month agoFeb 2025
-92.3 %
Change MoMFeb – Mar

Summary: Homes in Norwood had an average listing age of 11 days in Mar 2025, down by 92.3% compared to the previous month.

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Newest Listings in Norwood, AL

What homes are available in Norwood, AL?

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MLS Disclaimers and Copyright

Based on information from Greater Alabama MLS, and West Alabama Multiple Listing Service for the period 02/01/2025 - 04/01/2025

IDX The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2025 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/24/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by West Alabama Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 West Alabama Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/24/2025, 10:15:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.