$3,562 Closing Credit*
$299,999
753 SqFt
1 Bed
•1 Full Bath
#73320641, Jonathan Slater, Listing Office: Keller Williams Realty
Is Norwood, 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, Norwood has remained a Seller's Market.
Key Takeaway
Norwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norwood, MA
How much do homes in Norwood, MA cost?
Median Sold Price
$650,000
$403/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+4.0%)
Key Takeaway
Homes in Norwood have sold for 4% more than they did a year ago.
Summary: The median home sold price in Norwood was $650,000 in November 2024, up 4% 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 | $257.5K | $337K | +30.9% |
| 2 Bedrooms | $480K | $515K | +7.3% |
| 3 Bedrooms | $625K | $642.5K | +2.8% |
| 4 Bedrooms | $710.7K | $783K | +10.2% |
| 5+ Bedrooms | $915K | $984.9K | +7.6% |
Summary: Norwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.9%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 7.6%.
Housing Supply in Norwood, MA
How many homes are available in Norwood, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 54 | -12.9% |
Summary: The Norwood real estate market had 54 homes for sale in November 2024, a 12.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 30 | 27 | -10.0% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Norwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwood, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Norwood in November 2024, down by 16.7% month-over-month. Of the 15 sold homes, 33% were sold under asking, 13% were sold at asking, and 53% were sold over asking.
Days on Market for Norwood, MA
How long does it take to sell a home in Norwood, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +2.2% |
Summary: Homes in Norwood had an average of 23 days on market in Nov 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Norwood; 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.
