Norwood Housing Market Report May 2025•Bergen County, New Jersey

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Housing Prices in Norwood, NJ

How much do homes in Norwood, NJ cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$1,199,000–
-$500
0.0%

Based on all homes listed in May 2025

Insight

The list price of homes in Norwood has remained the same since April.

Summary: The median home list price in Norwood was $1,199,000 in May 2025, the same as the previous month, and the median price per square foot was $0.

Median List Price By Bedrooms

Median List 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.
BedsApr 2025May 2025Change MoM
1$211.1K$211.1K
0.0%
2$764.9K$879.9K
+15.0%
3$855K$872K
+2.0%
4$1.2M$1.1M
0.0%
5$2.2M$2.1M
-2.2%

Summary: Norwood housing price by bedroom type for May 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 +15.0%. The home price for 3 bedroom homes increased by +2.0%. The home price for 4 bedroom homes decreased by 0.0%. The home price for 5 bedroom homes decreased by -2.2%.

How does Norwood, NJ compare with other places?

Market comparison tool

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

Norwood, NJ

Housing supply in Norwood, NJ

How many homes are available in Norwood, NJ?

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
23Last MonthMay 2025
202 months agoApr 2025
+15.0 %
Change MoMApr – May

Summary: The Norwood real estate market had 23 homes for sale in May 2025, a 15.0 % increase compared to Apr 2025.

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.
BedsApr 2025May 2025Change MoM
111
0.0%
221
-50.0%
334
+33.3%
41012
+20.0%
545
+25.0%

Summary: Norwood housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes increased by +33.3%. The inventory for 4 bedroom homes increased by +20.0%. The inventory for 5 bedroom homes increased by +25.0%.

Asking Price vs. Sold Price

How much do homes in Norwood, NJ 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 Price1 Home

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Norwood, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Norwood in May 2025, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Norwood, NJ

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

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
74 DaysLast MonthMay 2025
57 Days1 month agoApr 2025
+28.2 %
Change MoMApr – May

Summary: Homes in Norwood had an average listing age of 74 days in May 2025, up by 28.2% compared to the previous month.

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Newest Listings in Norwood, NJ

What homes are available in Norwood, NJ?

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MLS Disclaimers and Copyright

Based on information from New Jersey MLS, for the period 04/01/2025 - 06/01/2025

IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/4/2025, 8:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.