Why Live in Norwood
Norwood is a neighborhood known for its expansive woods and farmland, offering a slower-paced lifestyle compared to areas closer to Downtown Peoria, which is just 7 miles east. The area features calm subdivisions branching out from West Plank Road, the main thoroughfare, with residential streets lined with greenery. Homes in Norwood include small Cape Cods and ranch-style houses from the 1960s and 1970s on spacious lots ranging from a quarter to ten acres. The Lake Long Bow community offers 1970s split-level homes with lake views and docks for fishing or boating. Local amenities along West Plank Road include a Dollar General for essentials and Casey’s for pizza, wings, and sandwiches. Bellevue Tap and Hogs & Dogs Saloon are popular spots for nightlife, offering live music, sports, and late-night hours. Fairview Farms is a long-standing eatery known for its fried chicken and family-style meals. Norwood provides ample recreational opportunities, including year-round fishing at Lake Long Bow and the member-owned Timberlake Club, which features two lakes, a sandy beach, and a nine-hole golf course. The neighborhood is conveniently located near Interstate 474 and just 3 miles from General Wayne Downing Peoria International Airport, providing easy travel options.
Home Trends in Norwood, IL
On average, homes in Norwood, IL sell after 50 days on the market compared to the national average of 52 days. The median sale price for homes in Norwood, IL over the last 12 months is $175,000, up 19% from the median home sale price over the previous 12 months.
Median Sale Price
$175,000
Median Single Family Sale Price
$177,500
Average Price Per Sq Ft
$104
Number of Homes for Sale
4
Last 12 months Home Sales
37
Median List Price
$179,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
19%
