$3,551 Closing Credit*
$299,000
1,728 SqFt
3 Beds
•1 Full Bath, 1 Partial
Wendy Eichman, Listing Office: Raynard & Peirce Realty,LLC
Is Norfolk, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Norfolk has remained a Seller's Market.
Key Takeaway
Norfolk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norfolk, CT
How much do homes in Norfolk, CT cost?
Median Sold Price
$360,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$20,750(-5.4%)
Key Takeaway
Homes in Norfolk have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in Norfolk was $360,000 in November 2024, down 5.4% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $530K | - | N/A |
| 2 Bedrooms | $260K | $301K | +15.8% |
| 3 Bedrooms | $357.5K | $389K | +8.8% |
| 4 Bedrooms | $381.5K | $427K | +11.9% |
| 5+ Bedrooms | $655K | - | N/A |
Summary: Norfolk housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Winsted | $229.5K | $275.5K | +20.0% |
| North Canaan | $245K | $255.9K | +4.4% |
| Norfolk | $380.7K | $360K | -5.4% |
Housing Supply in Norfolk, CT
How many homes are available in Norfolk, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Norfolk real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Norfolk housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Norfolk, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Norfolk in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Norfolk, CT
We’re sorry, we don't have information for this market at the moment
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