In January 2017, there were two homes sold, with a median sale price of $61,500 - a 20.2% decrease over the $77,100 median sale price for the same period of the previous year. There were two homes sold in Norwood in January 2016, as well.
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 3.3%.
The following table compares Norwood to other Peoria County cities in January 2017:
| City | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lake Camelot | 1 | 1 | 0% | $190,000 | $307,000 | -38.1% |
| Chillicothe | 3 | 7 | -57.1% | $174,000 | $107,500 | 61.9% |
| Dunlap | 2 | 0 | - | $167,500 | $0 | - |
| Elmwood | 1 | 2 | -50% | $95,000 | $68,000 | 39.7% |
| Peoria | 98 | 111 | -11.7% | $91,450 | $98,000 | -6.7% |
| Norwood | 2 | 2 | 0% | $61,500 | $77,100 | -20.2% |
| West Peoria | 7 | 5 | 40% | $60,000 | $69,000 | -13% |
| Brimfield | 1 | 1 | 0% | $58,000 | $130,000 | -55.4% |
| Peoria Heights | 5 | 4 | 25% | $40,000 | $53,350 | -25% |
| Bartonville | 4 | 5 | -20% | $30,815.50 | $53,000 | -41.9% |
| Glasford | 0 | 0 | - | $0 | $0 | - |
| Kingston Mines | 0 | 0 | - | $0 | $0 | - |
| Rome | 0 | 3 | -100% | $0 | $84,000 | -100% |
| Mapleton | 0 | 1 | -100% | $0 | $10,000 | -100% |
| Hanna City | 0 | 1 | -100% | $0 | $120,000 | -100% |
| Princeville | 0 | 2 | -100% | $0 | $133,500 | -100% |
| Bellevue | 0 | 1 | -100% | $0 | $15,000 | -100% |
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