From January through December of 2017, there were nine homes sold, with a median sale price of $86,500 - a 64.8% increase over the $52,500 median sale price for the previous year. There were 10 homes sold in Norwood in 2016.
The median sales tax in Norwood for 2017 was $2,021. In 2016, the median sales tax was $1,867. This marks an increase of 8.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.
The following table compares Norwood to other Peoria County cities with similar median sales prices in 2017:
| City | 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) |
|---|---|---|---|---|---|---|
| Peoria | 1,858 | 1,864 | -0.3% | $110,000 | $110,000 | 0% |
| Elmwood | 41 | 45 | -8.9% | $108,700 | $80,000 | 35.9% |
| Princeville | 28 | 35 | -20% | $97,500 | $102,500 | -4.9% |
| Brimfield | 17 | 7 | 142.9% | $90,000 | $85,000 | 5.9% |
| Mapleton | 9 | 7 | 28.6% | $88,000 | $37,500 | 134.7% |
| Norwood | 9 | 10 | -10% | $86,500 | $52,500 | 64.8% |
| Hanna City | 29 | 25 | 16% | $83,000 | $105,000 | -21% |
| Bellevue | 22 | 27 | -18.5% | $80,000 | $68,500 | 16.8% |
| Bartonville | 116 | 130 | -10.8% | $79,550 | $84,531.83 | -5.9% |
| Kingston Mines | 7 | 4 | 75% | $72,000 | $10,462 | 588.2% |
| West Peoria | 96 | 83 | 15.7% | $71,500 | $76,000 | -5.9% |
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