New - 2 days on Rocket
$2,672 Closing Credit¹
#PADE2082828, John Joseph D'Ambrosio Jr., Listing Office: EXP Realty, LLC
Norwood Housing Market Report December 2024•Delaware County, Pennsylvania
Housing Prices in Norwood, PA
How much do homes in Norwood, PA cost?
Housing Market Conditions
Is Norwood, PA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Norwood is a Seller's Market
Difference Since December 2023
Since last year, Norwood has remained a Seller's Market.
Insight
Norwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$301,500$201/SqFt
+$54,000
+21.8%
Based on all homes sold in the last 12 months
Insight
Homes in Norwood have sold for 21.8% more than they did a year ago.
Summary: The median home sold price in Norwood was $301,500 in December 2024, up 21.8% from last year, and the median price per square foot was $201.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Norwood | $247.5K | $301.5K | +21.8% |
| Prospect Park | $280.5K | $310K | +10.5% |
| Folcroft | $200K | $212.5K | +6.3% |
| Glenolden | $225K | $236.5K | +5.1% |
| Ridley Township | $295.6K | $310K | +4.8% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 22 Bedrooms | $165K | $172.5K | +4.5% |
| 55+ Bedrooms | $248.8K | $420K | +68.8% |
| 11 Bedroom | - | - | N/A |
| 33 Bedrooms | $240K | $292.4K | +21.9% |
| 44 Bedrooms | $296.7K | $308K | +3.8% |
Summary: Norwood housing price by bedroom type for December 2024, compared to the previous year. The home price for 2 bedroom homes increased by +4.5%. The home price for 5 bedroom homes increased by +68.8%. The home price for 1 bedroom homes did not change. The home price for 3 bedroom homes increased by +21.9%. The home price for 4 bedroom homes increased by +3.8%.
Housing supply in Norwood, PA
How many homes are available in Norwood, PA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 24Last MonthDec 2024 | ||
| 222 months agoNov 2024 | +9.1 % Change MoMNov – Dec |
Summary: The Norwood real estate market had 24 homes for sale in Dec 2024, a 9.1 % increase compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 10Last MonthDec 2024 | ||
| 32 months agoNov 2024 | +233.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 22 Bedrooms | 1 | 1 | 0.0% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
| 11 Bedroom | 0 | 0 | 0.0% |
| 33 Bedrooms | 9 | 10 | +11.1% |
| 44 Bedrooms | 11 | 12 | +9.1% |
Summary: Norwood housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 2 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same. The inventory for 1 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +11.1%. The inventory for 4 bedroom homes increased by +9.1%.
Asking Price vs. Sold Price
How much do homes in Norwood, PA cost?
Over Asking Price5 Homes
At Asking Price2 Homes
Under Asking Price3 Homes
Insight
If you're buying a home in Norwood, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Norwood in December 2024, up by 233.3% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and and 50% were sold over asking.
Days on Market for Norwood, PA
How long does it take to sell a home in Norwood, PA?
Breakdown of Home Sale Times
Under 30 Days6 Homes
30 – 90 Days4 Homes
Over 90 Days0 Home
Insight
Many homes in Norwood are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 10 homes were sold in Norwood; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 25 DaysThis YearDec 2024 | ||
| 19 Days1 year agoDec 2023 | +32.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Norwood had an average listing age of 25 days in Dec 2024, up by 32.9% compared to the previous year.
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Newest Listings in Norwood, PA
What homes are available in Norwood, PA?
New - 3 days on Rocket
$3,551 Closing Credit¹
#PADE2082836, Tanner Kirkpatrick, Listing Office: Lime House
$3,503 Closing Credit¹
#PADE2081870, Liam Coonahan, Listing Office: Real of Pennsylvania
$3,444 Closing Credit¹
#PADE2081360, Keanna Williams, Listing Office: Long & Foster Real Estate, Inc.
Backup offers
$3,147 Closing Credit¹
#PADE2080638, Brian Gibson, Listing Office: Long & Foster Real Estate, Inc.
Backup offers
$3,859 Closing Credit¹
#PADE2080220, Michael Mulholland, Listing Office: Long & Foster Real Estate, Inc.
$4,928 Closing Credit¹
#PADE2080564, Tron Lam, Listing Office: Tron Lam Realty Group
Backup offers
$3,859 Closing Credit¹
#PADE2079820, Amy Fizzano Krauter, Listing Office: Fizzano Family of Associates LLC
$3,561 Closing Credit¹
#PADE2078884, Vincent J Melchiorre, Listing Office: Century 21 All Elite Inc-Brookhaven
$6,888 Closing Credit¹
#PADE2077920, Miriam Mosquera-Martinez, Listing Office: Elfant Wissahickon-Chestnut Hill
$4,333 Closing Credit¹
#PADE2076494, Anthony DeCicci, Listing Office: CG Realty, LLC
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MLS Disclaimers and Copyright
Based on information from BrightMLS, for the period 01/01/2023 - 01/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. 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: 2/1/2025, 1:21:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.