Norwood, NJ housing market
The typical Norwood home is worth about $915,000, up 5.1% in a year, 58% above the New Jersey typical home.
Home values, sales, trends and how Norwood compares with the towns next door — updated as new data is published.
Norwood at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Norwood | New Jersey |
|---|---|---|
| 2017 | $614,000 | $317,000 |
| 2018 | $630,000 | $330,000 |
| 2019 | $628,000 | $343,000 |
| 2020 | $623,000 | $358,000 |
| 2021 | $660,000 | $394,000 |
| 2022 | $725,000 | $441,000 |
| 2023 | $758,000 | $471,000 |
| 2024 | $796,000 | $511,000 |
| 2025 | $849,000 | $551,000 |
| 2026 | $889,000 | $568,000 |
| August 2026 | $915,000 | $580,000 |
Norwood and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Norwood | $915K | +5.1% | — | $178,311 |
| Closter | $1.21M | +8.8% | 98 | $190,469 |
| Harrington Park | $995K | +7.2% | — | $180,500 |
| Northvale | $768K | +7% | — | $127,625 |
| Alpine | $3.26M | +13.4% | — | $246,944 |
5.1 years of income
The typical Norwood home costs about 5.1 years of the town's median household income, less than across New Jersey (5.6 years).
How Norwood ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.