House Prices

Norwood Park Chicago, IL House Prices & Home Values 2026


Average Data

average house price$376,484
average size per house1475 ft²
average price per ft²263 $ / ft²

04/15/2026 - The value range (VR) for house prices in Norwood Park Chicago, IL is $249.85/ sqft to $276.15/ sqft. An average home with 1475 sqft costs approximately $378,480 to $418,319. Chicago, IL includes 1 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 60631, while the highest are in ZIP 60631. The average price per sqare feet is $263. Our analysis is based on 14 property listings.

Avergage prices by ZIP codes Norwood Park Chicago

60631282 $ / ft²




Historical development of home values in Norwood Park Chicago

Year Estimated value (USD) Change vs. 2025
2010 $174,846 -53.6%
2011 $168,085 -55.4%
2012 $167,632 -55.5%
2013 $173,898 -53.8%
2014 $182,545 -51.5%
2015 $191,914 -49.0%
2016 $201,929 -46.4%
2017 $212,828 -43.5%
2018 $224,594 -40.3%
2019 $235,008 -37.6%
2020 $247,157 -34.4%
2021 $281,114 -25.3%
2022 $327,716 -13.0%
2023 $345,592 -8.2%
2024 $365,585 -2.9%
2025 $376,484 0.0%

Graph: estimated home values in Norwood Park Chicago over time (USD)



Example: 100% financing house in Norwood Park Chicago

Loan amount: $376,484

Interest rate: 6.16%

Fixed monthly payment: $2,296.57

Breakdown in the 1st month:
Interest portion: $1,933.25  –  Principal portion: $363.33

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $23,073.68 $4,485.19 $371,998.81
2 $22,789.36 $4,769.51 $367,229.30
3 $22,487.02 $5,071.85 $362,157.45
4 $22,165.51 $5,393.36 $356,764.09
5 $21,823.62 $5,735.24 $351,028.85
6 $21,460.06 $6,098.80 $344,930.05
7 $21,073.46 $6,485.41 $338,444.64
8 $20,662.34 $6,896.52 $331,548.11
9 $20,225.17 $7,333.70 $324,214.42
10 $19,760.29 $7,798.58 $316,415.84
11 $19,265.93 $8,292.94 $308,122.90
12 $18,740.24 $8,818.63 $299,304.27
13 $18,181.22 $9,377.65 $289,926.62
14 $17,586.77 $9,972.10 $279,954.52
15 $16,954.63 $10,604.24 $269,350.28
16 $16,282.42 $11,276.44 $258,073.84
17 $15,567.60 $11,991.26 $246,082.58
18 $14,807.47 $12,751.39 $233,331.18
19 $13,999.16 $13,559.71 $219,771.47
20 $13,139.60 $14,419.27 $205,352.21
21 $12,225.56 $15,333.31 $190,018.90
22 $11,253.57 $16,305.30 $173,713.60
23 $10,219.97 $17,338.89 $156,374.71
24 $9,120.85 $18,438.02 $137,936.69
25 $7,952.06 $19,606.81 $118,329.88
26 $6,709.17 $20,849.69 $97,480.19
27 $5,387.50 $22,171.36 $75,308.82
28 $3,982.05 $23,576.82 $51,732.01
29 $2,487.51 $25,071.36 $26,660.65
30 $898.22 $26,660.65 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Norwood Park Chicago, IL


1500 sqft3900 sqft
Ø selling price$490,234$1,042,860
Ø fast selling$445,667$938,574
Ø high price sale$534,800$1,147,146

In 2026, houses in Norwood Park Chicago, IL will be offered at an average price of $263 per square foot. A 1,500 sqft home priced at $490,234 is 23.62% more expensive per square foot than a 3,900 sqft home priced at $1,042,860. Home prices in Norwood Park Chicago, IL vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $721,980. Sellers who can wait longer may achieve a higher price of up to $882,420.


Norwood Park, Chicago, IL Neighborhood Guide

Overview

Norwood Park is a historic Northwest Side neighborhood in Chicago, IL known for its tranquil, suburban feel. Centered around the landmark Noble-Seymour-Crippen House, the area blends 19th-century roots with modern conveniences. Tree-lined streets, well-kept bungalows, and classic Victorians define its residential charm.

Lifestyle and Amenities

Residents enjoy abundant green space at Norwood Park, Caldwell Woods, and the North Branch Trail for biking and running.
Family-friendly amenities in the Norwood Park neighborhood include the Norwood Park Fieldhouse, community festivals, and highly regarded schools like Taft High School. Local dining, coffee shops, and neighborhood bars along Northwest Highway and nearby Edison Park create a welcoming small-town vibe.

Real Estate and Transportation

The Norwood Park Chicago real estate market offers single-family homes, vintage condos, and larger lots than many city neighborhoods. Commuters value easy access to the Metra UP-NW line, CTA Blue Line, and I?90, with O?Hare International Airport minutes away.
A strong sense of safety, active block clubs, and the Norwood Park Historical Society contribute to robust community pride. Whether you are relocating or investing, Norwood Park in Chicago, IL delivers space, character, and convenient connectivity on the city?s Northwest Side.



FAQ – Home Values in Norwood Park Chicago

What is the median home value in Norwood Park Chicago in 2026?

In 2026, the typical home value in Norwood Park Chicago is about $376,484 for an average home size of 1475 square feet. This corresponds to an average price of roughly $263 per square foot.

What is the average cost per square foot in Norwood Park Chicago?

In 2026, homes in Norwood Park Chicago sell for an average of around $263 per square foot, with a typical range between $249.85 and $276.15 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Norwood Park?

The average home size in Norwood Park Chicago is about 1475 square feet, with an estimated 2026 value around $376,484.



Neighborhoods close to Norwood Park Chicago, IL

Garfield Ridge Chicago, IL168 $ / ft²
St. Clair Gardens East Saint Louis, IL43 $ / ft²
Chicago Lawn Chicago, IL187 $ / ft²
Tanner Trails North Aurora, IL183 $ / ft²
Downtown Oak Lawn Oak Lawn, IL130 $ / ft²
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