$8,906 Closing Credit*
$749,999
2,056 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73320920, Charlene Levi, Listing Office: TLC Real Estate
Is Norfolk County, MA 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 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
$719,441
$403/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,832(+6.2%)
Key Takeaway
Homes in Norfolk County have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Norfolk County was $719,441 in November 2024, up 6.2% from last year, and the median price per square foot was $403.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $375K | +7.1% |
| 2 Bedrooms | $510.6K | $525K | +2.8% |
| 3 Bedrooms | $630K | $664.9K | +5.5% |
| 4 Bedrooms | $834.7K | $917.5K | +9.9% |
| 5+ Bedrooms | $1.2M | $1.5M | +21.3% |
Summary: Norfolk County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Counties
| Bristol County | $464.9K | $510K | +9.7% |
| Plymouth County | $554.9K | $606.3K | +9.3% |
| Norfolk County | $677.6K | $719.4K | +6.2% |
| Middlesex County | $746.6K | $784.2K | +5.0% |
| Suffolk County | $760.8K | $788.9K | +3.7% |
Housing Supply in Norfolk County, MA
How many homes are available in Norfolk County, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,009 | 1,659 | -17.4% |
Summary: The Norfolk County real estate market had 1,659 homes for sale in November 2024, a 17.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 82 | 72 | -12.2% |
| 2 Bedrooms | 441 | 359 | -18.6% |
| 3 Bedrooms | 666 | 543 | -18.5% |
| 4 Bedrooms | 520 | 419 | -19.4% |
| 5+ Bedrooms | 300 | 266 | -11.3% |
Summary: The Norfolk County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.2%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 11.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 556 | 455 | -18.2% |
Asking Price vs. Sold Price
157 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
235 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norfolk County, you could pay more than the asking price. 51.6% of homes here sold above asking price last month.
Summary: A total of 455 homes were sold or pending in Norfolk County in November 2024, down by 18.2% month-over-month. Of the 455 sold homes, 35% were sold under asking, 14% were sold at asking, and 52% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 30 Days | +3.8% |
Summary: Homes in Norfolk County had an average of 30 days on market in Nov 2024, up by 3.8% compared to last year.
Breakdown of Home Sale Times
318 Homes Were Sold
Under 30 Days
115 Homes Were Sold
In 30 - 90 Days
22 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 November 2024, 455 homes were sold in Norfolk County; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
