$8,776 Closing Credit*
$739,000
1,912 SqFt
3 Beds
•2 Full Baths
#73320348, Mary Beth McGillicuddy, Listing Office: Engel & Volkers, South Shore
Is Norwell, 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, Norwell has remained a Seller's Market.
Key Takeaway
Norwell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norwell, MA
How much do homes in Norwell, MA cost?
Median Sold Price
$995,000
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$152,250(+18.1%)
Key Takeaway
Homes in Norwell have sold for 18.1% more than they did a year ago.
Summary: The median home sold price in Norwell was $995,000 in November 2024, up 18.1% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $675K | $798.5K | +18.3% |
| 3 Bedrooms | $745K | $790K | +6.0% |
| 4 Bedrooms | $1.0M | $1.2M | +27.4% |
| 5+ Bedrooms | $1.9M | $1.7M | -7.9% |
Summary: Norwell 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 18.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Norwell | $842.7K | $995K | +18.1% |
| Marshfield | $712.5K | $774K | +8.6% |
| Hanover | $742.5K | $775K | +4.4% |
| Pembroke | $569K | $590K | +3.7% |
| Scituate | $850K | $875K | +2.9% |
Housing Supply in Norwell, MA
How many homes are available in Norwell, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 22 | -40.5% |
Summary: The Norwell real estate market had 22 homes for sale in November 2024, a 40.5% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 18 | 8 | -55.6% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Norwell 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 decreased by 20%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwell, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Norwell in November 2024, down by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Norwell, MA
How long does it take to sell a home in Norwell, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 25 Days | -10.3% |
Summary: Homes in Norwell had an average of 25 days on market in Nov 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norwell are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Norwell; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
