In May 2017, there were 30 homes sold, with a median sale price of $275,000 - a 22% decrease over the $352,750 median sale price for the same period of the previous year. There were 22 homes sold in Norwood Park in May 2016.
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 1.8%.
The following table compares Norwood Park to other Chicago neighborhood with similar median sales prices in May 2017:
| Neighborhood | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Union Ridge | 2 | 4 | -50% | $293,500 | $302,000 | -2.8% |
| Humboldt Park | 53 | 67 | -20.9% | $290,000 | $265,000 | 9.4% |
| Oriole Park | 11 | 9 | 22.2% | $290,000 | $230,000 | 26.1% |
| Big Oaks | 15 | 6 | 150% | $280,000 | $364,750 | -23.2% |
| Pilsen | 16 | 14 | 14.3% | $279,500 | $284,500 | -1.8% |
| Norwood Park | 30 | 22 | 36.4% | $275,000 | $352,750 | -22% |
| Galewood | 16 | 14 | 14.3% | $270,000 | $225,000 | 20% |
| Dunning | 53 | 49 | 8.2% | $270,000 | $228,000 | 18.4% |
| Uptown | 60 | 61 | -1.6% | $250,500 | $300,000 | -16.5% |
| Edgewater | 74 | 61 | 21.3% | $249,500 | $184,000 | 35.6% |
| Buena Park | 27 | 19 | 42.1% | $242,500 | $232,000 | 4.5% |
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