Is Norton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Norton has remained a Seller's Market.
Key Takeaway
Norton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norton, MA
How much do homes in Norton, MA cost?
Median Sold Price
$528,500
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Norton have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Norton was $528,500 in May 2024, up 7.1% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $232.5K | -3.1% |
| 2 Bedrooms | $361.4K | $370K | +2.4% |
| 3 Bedrooms | $500K | $540K | +8.0% |
| 4 Bedrooms | $670K | $732.5K | +9.3% |
| 5+ Bedrooms | $780K | $817.5K | +4.8% |
Summary: Norton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| South Easton | $443.8K | $500K | +12.7% |
| Easton | $555K | $620K | +11.7% |
| Norton | $493.5K | $528.5K | +7.1% |
| Mansfield | $610K | $649K | +6.4% |
| Taunton | $450K | $470K | +4.4% |
Housing Supply in Norton, MA
How many homes are available in Norton, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 62 | +17.0% |
Summary: The Norton real estate market had 62 homes for sale in May 2024, a 17.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 10 | 16 | +60.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Norton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norton, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Norton in May 2024, up by 7.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.
Days on Market for Norton, MA
How long does it take to sell a home in Norton, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -16.3% |
Summary: Homes in Norton had an average of 22 days on market in May 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
12 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 Norton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Norton; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
