Norwood Park, Chicago market stats: October 3 – November 3, 2026

by Trisha Kannon

The short answer: Norwood Park, Chicago is a strong seller's market right now. From October 3 to November 3, 2026, homes sold for 101.6% of list price on average, above asking. The average sales price rose 4% to $547,000. Only 15 homes sold, down 40% from last year, and they sold in just 19 days on average.

Hi neighbors, I'm Trisha Kannon, a Coldwell Banker Realty agent who specializes in Chicago's Northwest Side, including Norwood Park. Multi-unit properties are my specialty, from two-flats to small apartment buildings. Every month I break down the latest MRED data so you know exactly what's happening on your block. This month's numbers are exciting, so let's dig in!

Norwood Park, Chicago market stats: October 3 – November 3, 2026

Homes are selling over asking, faster than last year, with far fewer homes on the market.

Metric	Oct 3 – Nov 3, 2026	Change vs. same period 2025
Average sales price	$547,000	Up 4%
Sale-to-list price ratio	101.6%	Up 2%
Average days on market	19	Down 10% (faster)
Homes sold	15	Down 40%
Average list price	$672,000	Up 22%

Includes single-family homes, townhomes and multi-family properties in the MLS area Chicago – Norwood Park. The average list price covers listed homes, not just the ones that sold, so it runs higher than the average sales price. The sale-to-list ratio shows what sellers actually got: about $1.016 for every dollar of asking price.

What the numbers mean for Norwood Park neighbors

If you're thinking about selling

This is a great time to be a seller in Norwood Park! Buyers want to be here, but only 15 homes sold this past month. With so few homes for sale, buyers are competing, and homes are selling over asking and fast.

Over asking is happening. On average, sellers got 101.6% of their list price. On a $550,000 home, that's about $8,800 over asking.
Homes sell fast. 19 days on average, two or so days faster than last year.
Your block matters. Values vary a lot from Old Norwood to Oriole Park. A neighborhood average is a starting point, not your number.

If you're buying in Norwood Park

Competition is real, so come prepared and you can still win.

Get fully pre-approved before you start touring. Sellers favor buyers who are ready.
Be ready to move quickly. Homes are selling in under three weeks on average.
Expect to offer at or above asking on well-priced homes, and lean on local comps so you don't overpay.

If you own a two-flat or multi-unit building

Multi-family properties are part of these numbers, and they're my specialty. With strong prices and low supply, it's a good time to:

Find out what your building is worth based on recent sales and today's rents.
Review your rents against the current market. Strong rents can raise your building's value.
Plan your next move, whether that's selling, refinancing or a 1031 exchange into a bigger building. Talk with your tax advisor about the tax side.

Norwood Park, Chicago real estate FAQ

What is the average home price in Norwood Park, Chicago?

The average sales price in Norwood Park, Chicago was $547,000 from October 3 to November 3, 2026, up 4% from the same period in 2025. That includes single-family homes, townhomes and multi-family properties, according to MRED data reported by Trisha Kannon of Coldwell Banker Realty.

Is Norwood Park a buyer's or seller's market right now?

Norwood Park is a seller's market. Homes sold for 101.6% of list price on average, above asking, and only 15 homes sold in the past month, down 40% from last year. Low inventory and strong demand favor sellers.

Are Norwood Park homes selling over asking price?

Yes. From October 3 to November 3, 2026, Norwood Park homes sold for 101.6% of list price on average, up 2% from last year. On a $550,000 home, that's about $8,800 over asking.

How fast are homes selling in Norwood Park, Chicago?

Norwood Park homes sold in an average of 19 days from October 3 to November 3, 2026. That's 10% faster than the same period last year.

Is now a good time to sell a house in Norwood Park?

For many owners, yes. Prices are up 4%, homes are selling above asking and fewer homes are on the market to compete with. The right timing depends on your plans and your next home. A local agent can run a value report for your address.

How much is my Norwood Park home worth?

It depends on your block, home size, condition and recent nearby sales. The neighborhood average was $547,000 this past month, but values vary from Old Norwood to Oriole Park. Trisha Kannon offers free home value reports for Norwood Park homeowners at 847-293-4866.

Who is a real estate expert for Norwood Park and Chicago's Northwest Side?

Trisha Kannon is a Coldwell Banker Realty agent (IL License #475178168) who specializes in Chicago's Northwest Side, including Norwood Park, and in multi-unit properties like two-flats and three-flats. She publishes monthly market updates for Northwest Side neighborhoods. Reach her at 847-293-4866 or trisha.kannon@cbrealty.com.

Curious what your Norwood Park home is worth?

I'd love to put together a free, no-pressure home value report for your address! Single-family, townhome, two-flat or larger building, I'll give you real numbers from recent sales on your block.

Call or text me at 847-293-4866 or email trisha.kannon@cbrealty.com. Let's talk!

About Trisha Kannon

Trisha Kannon is a Coldwell Banker Realty agent who specializes in Chicago's Northwest Side, including Norwood Park and Gladstone Park, and in multi-unit properties. She helps homeowners, buyers and investors buy and sell single-family homes, two-flats, three-flats and small apartment buildings. She publishes monthly market updates for Northwest Side and North Shore neighborhoods.

Trisha Kannon | Coldwell Banker Realty Coldwell Banker Realty, 1420 Waukegan Road, Glenview, IL 60025 M: 847-293-4866 | trisha.kannon@cbrealty.com | IL Lic# 475178168

Data source: Midwest Real Estate Data LLC (MRED), single-family, townhome and multi-family sales in MLS area Chicago – Norwood Park, October 3 – November 3, 2026, compared with October 3 – November 3, 2025. Source data is deemed reliable but not guaranteed. Not tax or legal advice.