Cheap Homes for Sale in Norwood, Birmingham, AL

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Norwood, AL Housing Market Overview

Norwood in Birmingham is a buyer's market right now. Homes are selling for 89.95% of asking price and taking an average of 118 days to sell, giving you more time to compare your options, negotiate a better deal, and buy with confidence.

Status

Balanced Market

Days on Market

118

Inventory

23

Aug 2021Feb 2024Feb 2026

Median Home Price

$100,000Up 0.21%

In Feb 2026 · YoY

Aug 2021Feb 2024Feb 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
23 Down 0.06%
Newly Listed Homes
11 Down 0.31%
Months of Supply
1.8 Down 0.00%

Housing Demand

Homes Sold
9 Up 1.00%
Sale-to-List Ratio
89.9% Down 1.21%
Homes Sold Above List
0% Down 0.00%

30-yr fixed rate 6.23% · Data as of Feb 2026 · Source: Houzeo Research.

View Full Norwood Market Report
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38
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37
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35
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32
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31
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Houses for Sale in East Lake, Birmingham
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30
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30
  • mls-img
    Based on information from the Greater Alabama MLS through Sep 13, 2026, 9:45 PM. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Greater Alabama MLS, Inc. All rights reserved.

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Norwood, Birmingham, AL Housing Marketlink qauare
Homes Available icon

23

Homes Available

Median List Price icon

$ 100,000

Median List Price

Avg on Market icon

118 Days

Avg on Market

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