$7,361 Closing Credit*
$619,900
1,456 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73314490, Millie Cetrone, 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 October 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
$398/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 4% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257K | $337K | +31.1% |
| 2 Bedrooms | $465K | $505K | +8.6% |
| 3 Bedrooms | $627.5K | $642.5K | +2.4% |
| 4 Bedrooms | $700K | $770K | +10.0% |
| 5+ Bedrooms | $899.5K | $1.0M | +11.2% |
Summary: Norwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.1%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 11.2%.
Housing Supply in Norwood, MA
How many homes are available in Norwood, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 62 | +31.9% |
Summary: The Norwood real estate market had 62 homes for sale in October 2024, a 31.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 20 | 29 | +45.0% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Norwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 45%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwood, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Norwood in October 2024, up by 6.7% month-over-month. Of the 16 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 28 Days | +1.7% |
Summary: Homes in Norwood had an average of 28 days on market in Oct 2024, up by 1.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Norwood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Norwood; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
