$10,000 Closing Credit*
$949,900
5,014 SqFt
6 Beds
•4 Full Baths
#73314594, The Cobi Team, Listing Office: William Raveis R. E. & Home Services
Is Norfolk County, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Norfolk County has remained a Seller's Market.
Key Takeaway
Norfolk County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norfolk County, MA
How much do homes in Norfolk County, MA cost?
Median Sold Price
$715,074
$401/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,369(+6.0%)
Key Takeaway
Homes in Norfolk County have sold for 6% more than they did a year ago.
Summary: The median home sold price in Norfolk County was $715,074 in October 2024, up 6% from last year, and the median price per square foot was $401.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | $375K | +8.7% |
| 2 Bedrooms | $507.9K | $519.7K | +2.3% |
| 3 Bedrooms | $622.2K | $665K | +6.9% |
| 4 Bedrooms | $829K | $911.4K | +9.9% |
| 5+ Bedrooms | $1.2M | $1.5M | +22.5% |
Summary: Norfolk County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Counties
| Plymouth County | $550K | $603.4K | +9.7% |
| Bristol County | $460.1K | $503K | +9.3% |
| Norfolk County | $674.7K | $715K | +6.0% |
| Middlesex County | $742.9K | $780.3K | +5.0% |
| Suffolk County | $760.6K | $784.3K | +3.1% |
Housing Supply in Norfolk County, MA
How many homes are available in Norfolk County, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,913 | 2,009 | +5.0% |
Summary: The Norfolk County real estate market had 2,009 homes for sale in October 2024, a 5.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 86 | 81 | -5.8% |
| 2 Bedrooms | 401 | 440 | +9.7% |
| 3 Bedrooms | 622 | 663 | +6.6% |
| 4 Bedrooms | 496 | 520 | +4.8% |
| 5+ Bedrooms | 308 | 305 | -1.0% |
Summary: The Norfolk County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 477 | 498 | +4.4% |
Asking Price vs. Sold Price
186 Homes Were Sold
Under Asking
56 Homes Were Sold
At Asking
256 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norfolk County, you could pay more than the asking price. 51.4% of homes here sold above asking price last month.
Summary: A total of 498 homes were sold or pending in Norfolk County in October 2024, up by 4.4% month-over-month. Of the 498 sold homes, 37% were sold under asking, 11% were sold at asking, and 51% were sold over asking.
Days on Market for Norfolk County, MA
How long does it take to sell a home in Norfolk County, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 31 Days | +12.8% |
Summary: Homes in Norfolk County had an average of 31 days on market in Oct 2024, up by 12.8% compared to last year.
Breakdown of Home Sale Times
333 Homes Were Sold
Under 30 Days
135 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norfolk County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 498 homes were sold in Norfolk County; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
