Norwood Park Homes for Sale | Real Estate in Cook County, Illinois

Norwood Park, Illinois Average Home Sizes and Asking Prices

Updated On: May 19, 2012

Zipcode	Single Family Home					Townhome or Condo
	4 BR		3 BR		#Lst	3 BR		2 BR		#Lst
60631	1,300 sf	$438,000	700 sf	$342,000	74			900 sf	$189,000	59

Change and Trend of Asking Price in 60631

Sold Price History in 60631

Homes for Sale in Norwood Park

Norwood Park Chicago Real Estate & Homes for Sale in Illinois

Known for its parks and open spaces, the neighborhood of Norwood Park offers a suburban and urban appeal complete with great schools, a diverse real estate market, and a strong sense of community. Located in Cook County on the far Northwest Side of Chicago and home to approximately 38,000 residents, Norwood Park is a part of the Chicago metropolitan region and is about a half-hour drive from the city. Residents are just minutes away from the O'Hare Airport which is located just west of the neighborhood along with a number of parks in and around the area as well as golf courses.

Norwood Park is a terrific place to raise a family and retire as the city offers a strong sense of community that isn't found in too many communities today. Students are served by three schools all located within the community. They may then go on to attend any number of highly regarded colleges and universities, most which are located near or in the city of Chicago. All community events, recreational activities, and other festivities are held at the community's namesake park.

Norwood Park has four neighborhoods within its borders: Old Norwood (also known as Norwood Park Historical District), Big Oaks, Union Ridge, and Oriole Park. Future homebuyers will find that the real estate market in Norwood Park is anchored by single-family homes, though townhomes and condos can be found throughout the county too.

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Norwood Park Chicago Real Estate Market & Home Prices

Future homebuyers looking to invest in real estate in Cook County have come to right place. Norwood Park's real estate options include single-family homes, condos and townhomes. Most homes are located just minutes from three local golf courses. Average listing prices for properties in Norwood Park currently hover in the low $345,000s.

Buyers looking to purchase a house in Norwood Park can expect prices to range between $150,000 and $1 million. Estates, custom built homes and luxury housing can be found in the higher end of the pricing spectrum. Norwood Park's condo and townhome market features property listing prices that range between $80,000 and $500,000. Some open land parcels can also be found in Cook County with prices starting from $115,000.

Norwood Park Real Estate Stats and Trends for the week of May 14th, 2012: homes priced around $342,033 compared to $341,791 the previous week, for a slight increase of less than +1%.  For Friday, May 18th, the current national mortgage rate for a 30 year fixed mortgage is 3.73%; the 15 year fixed rate is at 3.03%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.39%, while the 15 year jumbo rate currently is at 3.60%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Norwood Park IL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Norwood Park to help you find the best home!