From January through December of 2017, there were 368 homes sold, with a median sale price of $325,000. There were 303 homes sold in Norwood Park in 2016, and the median sales price for the period was also $325,000.
The median sales tax in Norwood Park for 2017 was $5,021. In 2016, the median sales tax was $4,863. This marks an increase of 3.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.5%.
The following table compares Norwood Park to other Chicago neighborhood with similar median sales prices in 2017:
| Neighborhood | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bridgeport | 373 | 299 | 24.7% | $335,000 | $300,000 | 11.7% |
| West Loop | 176 | 163 | 8% | $331,500 | $320,000 | 3.6% |
| South Loop | 929 | 995 | -6.6% | $331,500 | $325,000 | 2% |
| Near North | 409 | 396 | 3.3% | $330,000 | $331,750 | -0.5% |
| University Village / Little Italy | 196 | 189 | 3.7% | $329,000 | $325,000 | 1.2% |
| Norwood Park | 368 | 303 | 21.5% | $325,000 | $325,000 | 0% |
| Pilsen | 135 | 130 | 3.8% | $324,500 | $300,000 | 8.2% |
| Edison Park | 182 | 179 | 1.7% | $316,000 | $310,000 | 1.9% |
| The Loop | 136 | 142 | -4.2% | $310,000 | $261,000 | 18.8% |
| North Park | 171 | 192 | -10.9% | $309,000 | $284,000 | 8.8% |
| Portage Park | 751 | 765 | -1.8% | $308,000 | $270,000 | 14.1% |
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