House Prices

Old Norwood Park Chicago, IL House Prices & Home Values 2026


Average Data

average house price$371,352
average size per house1455 ft²
average price per ft²259 $ / ft²

04/15/2026 - The value range (VR) for house prices in Old Norwood Park Chicago, IL is $246.05/ sqft to $271.95/ sqft. An average home with 1455 sqft costs approximately $362,657 to $400,832. 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 $259. Our analysis is based on 14 property listings.

Avergage prices by ZIP codes Old Norwood Park Chicago

60631278 $ / ft²




Historical development of home values in Old Norwood Park Chicago

Year Estimated value (USD) Change vs. 2025
2010 $172,463 -53.6%
2011 $165,793 -55.4%
2012 $165,347 -55.5%
2013 $171,527 -53.8%
2014 $180,056 -51.5%
2015 $189,298 -49.0%
2016 $199,176 -46.4%
2017 $209,927 -43.5%
2018 $221,533 -40.3%
2019 $231,805 -37.6%
2020 $243,788 -34.4%
2021 $277,282 -25.3%
2022 $323,249 -13.0%
2023 $340,881 -8.2%
2024 $360,602 -2.9%
2025 $371,352 0.0%

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



Example: 100% financing house in Old Norwood Park Chicago

Loan amount: $371,352

Interest rate: 6.08%

Fixed monthly payment: $2,245.10

Breakdown in the 1st month:
Interest portion: $1,880.90  –  Principal portion: $364.20

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $22,446.95 $4,494.25 $366,857.75
2 $22,166.05 $4,775.15 $362,082.61
3 $21,867.59 $5,073.60 $357,009.01
4 $21,550.48 $5,390.71 $351,618.29
5 $21,213.55 $5,727.64 $345,890.65
6 $20,855.56 $6,085.63 $339,805.01
7 $20,475.19 $6,466.00 $333,339.02
8 $20,071.06 $6,870.14 $326,468.88
9 $19,641.66 $7,299.54 $319,169.34
10 $19,185.42 $7,755.77 $311,413.57
11 $18,700.67 $8,240.52 $303,173.05
12 $18,185.62 $8,755.57 $294,417.47
13 $17,638.38 $9,302.82 $285,114.66
14 $17,056.93 $9,884.26 $275,230.40
15 $16,439.15 $10,502.05 $264,728.35
16 $15,782.75 $11,158.45 $253,569.90
17 $15,085.32 $11,855.87 $241,714.03
18 $14,344.30 $12,596.89 $229,117.14
19 $13,556.97 $13,384.22 $215,732.92
20 $12,720.43 $14,220.76 $201,512.15
21 $11,831.60 $15,109.59 $186,402.56
22 $10,887.22 $16,053.97 $170,348.59
23 $9,883.81 $17,057.38 $153,291.21
24 $8,817.69 $18,123.50 $135,167.71
25 $7,684.93 $19,256.26 $115,911.45
26 $6,481.38 $20,459.82 $95,451.63
27 $5,202.60 $21,738.60 $73,713.03
28 $3,843.89 $23,097.30 $50,615.73
29 $2,400.26 $24,540.93 $26,074.79
30 $866.40 $26,074.79 $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 Old Norwood Park Chicago, IL


1500 sqft3900 sqft
Ø selling price$476,197$1,012,999
Ø fast selling$432,906$911,700
Ø high price sale$519,487$1,114,299

In 2026, houses in Old Norwood Park Chicago, IL will be offered at an average price of $259 per square foot. A 1,500 sqft home priced at $476,197 is 23.30% more expensive per square foot than a 3,900 sqft home priced at $1,012,999. Home prices in Old 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 $701,307. Sellers who can wait longer may achieve a higher price of up to $857,153.


Old Norwood Park, Chicago, IL Neighborhood Guide

Overview

Old Norwood Park in Chicago, IL is a historic neighborhood on the city?s Far Northwest Side known for its quiet, tree-lined streets and small-town charm.
Centered around the Norwood Park Historical District, the area showcases well-preserved Victorian and classic Chicago bungalows that attract architecture lovers.
Residents value the strong community vibe, local events at Norwood Park and the historic circle streets, and a walkable layout that defines Old Norwood Park.

Lifestyle and Amenities

Nature is close by with Norwood Park, forest preserves, and bike-friendly paths offering year-round recreation.
Families are drawn to highly regarded schools, active park district programs, and neighborhood churches that anchor community life.
Dining and shopping along Northwest Highway and nearby Harlem Avenue deliver classic eateries, cozy cafes, and everyday conveniences.

Connectivity and Real Estate

Commuters appreciate access to the Metra Union Pacific Northwest Line, the CTA Blue Line, and I?90, putting downtown and O?Hare within quick reach.
Real estate in Old Norwood Park, Chicago ranges from historic single-family homes to updated residences on generous lots, offering lasting value.
Safety, low-density streets, and engaged neighborhood groups make the area attractive for first-time buyers and long-term homeowners.
Whether you?re exploring homes for sale or planning a visit, this classic Chicago neighborhood blends history, convenience, and community in one inviting package.



FAQ – Home Values in Old Norwood Park Chicago

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

In 2026, the typical home value in Old Norwood Park Chicago is about $371,352 for an average home size of 1455 square feet. This corresponds to an average price of roughly $259 per square foot.

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

In 2026, homes in Old Norwood Park Chicago sell for an average of around $259 per square foot, with a typical range between $246.05 and $271.95 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Old Norwood Park?

The average home size in Old Norwood Park Chicago is about 1455 square feet, with an estimated 2026 value around $371,352.



Neighborhoods close to Old 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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