Why Live in Norwood
Norwood, a neighborhood just outside downtown Knoxville, offers residents an affordable suburban lifestyle with a distinct community feel. The area features a mix of 1970s-era ranch-style and split-level homes, many of which have been updated or renovated, alongside newer developments. This blend of old and new creates a unique streetscape. Norwood is known for its familial atmosphere, with many homes passed down through generations, fostering a diverse and welcoming community. Students in the area attend Norwood Elementary School, Gresham Middle School, and Powell High School. One of Norwood's notable features is the Norwood Heights Swim & Recreation Club, a members-only pool open to all Knoxville residents. Victor Ashe Park, a local staple, offers trails, a dog park, athletic fields, and grilling areas. The neighborhood is highly walkable, with tree-lined sidewalks leading to various amenities. Residents can enjoy dining at Monterrey Mexican Restaurant, famous for its cheese dip and margaritas, or explore the rapidly developing Powell Shopping District for a variety of chain retailers and restaurants. The crime rate in Norwood is lower than the national average, adding to its appeal as a safe and vibrant community.
Home Trends in Norwood, TN
On average, homes in Norwood, Knoxville sell after 21 days on the market compared to the national average of 51 days. The median sale price for homes in Norwood, Knoxville over the last 12 months is $292,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$292,000
Median Single Family Sale Price
$299,500
Median Townhouse Sale Price
$249,900
Median 2 Bedroom Sale Price
$250,000
Average Price Per Sq Ft
$210
Number of Homes for Sale
19
Last 12 months Home Sales
124
Median List Price
$309,450
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
4%