Why Live in Norwood
Surrounding the park that shares its name, Norwood is a family-friendly piece of suburbia. Almost entirely residential, this community is known for its midcentury-style homes, scattered ponds and warm atmosphere. “It gives you that Minnesota feel where everybody’s your neighbor,” says Chris Yarbro, an associate with Re/Max Advantage Plus. “It’s one of those areas where we all grew up and came back to raise our own kids.” The area has about half a dozen ponds, often creating a modest waterfront view. Well-maintained streets pass quarter-acre lots dotted with sugar maples and evergreen trees. Attached two-car garages are standard, with driveways to match. Average home values hover around the low $300,000s, lower than the national and Minneapolis-area averages. Ranch-style and split-level homes, frequently with brick accents and finished basements, comprise most real estate. “You don’t have to put a lot extra into the homes,” says Yarbo, who’s served the area for 12 years. “And when you do, they just need a little lipstick.” Prices range from the mid-$200,000s to the low $400,000s, depending on size and location. Students will begin at Palmer Lake Elementary School before enrolling
Home Trends in Norwood, MN
On average, homes in Norwood, Brooklyn Park sell after 89 days on the market compared to the national average of 69 days. The median sale price for homes in Norwood, Brooklyn Park over the last 12 months is $384,900, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$384,900
Median Single Family Sale Price
$367,945
Median Townhouse Sale Price
$281,940
Median 1 Bedroom Sale Price
$495,000
Average Price Per Sq Ft
$237
Number of Homes for Sale
5
Last 12 months Home Sales
66
Median List Price
$495,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-1%