$3,741 Closing Credit*
$315,000
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 October 2023
At the same time last year, Norfolk was a Neutral Market.
Key Takeaway
Norfolk is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Norfolk, CT
How much do homes in Norfolk, CT cost?
Median Sold Price
$365,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$24,000(-6.2%)
Key Takeaway
Homes in Norfolk have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in Norfolk was $365,000 in October 2024, down 6.2% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $530K | - | N/A |
| 2 Bedrooms | $260K | $301K | +15.8% |
| 3 Bedrooms | $380K | $389K | +2.4% |
| 4 Bedrooms | $375.5K | $381.5K | +1.6% |
| 5+ Bedrooms | $655K | - | N/A |
Summary: Norfolk housing prices by bedroom type for October 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 2.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Winsted | $225K | $275K | +22.2% |
| North Canaan | $250K | $250.7K | 0.3% |
| Norfolk | $389K | $365K | -6.2% |
Housing Supply in Norfolk, CT
How many homes are available in Norfolk, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Norfolk real estate market had 10 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Norfolk housing inventory by bedroom type for October 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norfolk, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Norfolk in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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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