Is Norfolk County, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Norfolk County is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Norfolk County, MA cost?

Median Sold Price

$644,379

$365/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$48,201(+8.1%)

Key Takeaway

Homes in Norfolk County have sold for 8.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $324.5K$330K
+1.7%
2 $424.2K$457.4K
+7.8%
3 $549.9K$600.4K
+9.2%
4 $749.9K$817.4K
+9.0%
5+ $1.1M$1.2M
+10.8%

Median Sold Price Compared To Nearby Counties

Bristol County
+11.2%
Plymouth County
+10.5%
Middlesex County
+9.1%
Norfolk County
+8.1%
Suffolk County
+7.0%

How many homes are available in Norfolk County, MA?

Number of Homes For Sale

Aug 2022Sep 2022%
2,2872,098-8.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 7975
-5.1%
2 456467
+2.4%
3 773697
-9.8%
4 660555
-15.9%
5+ 319304
-4.7%

Number of Homes Sold

Aug 2022Sep 2022%
791568-28.2%

Asking Price vs. Sold Price

205 Homes Were Sold
Under Asking

61 Homes Were Sold
At Asking

302 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norfolk County, you could pay more than the asking price. 53.2% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
25 Days26 Days+2.2%

Breakdown of Home Sale Times

409 Homes Were Sold
Under 30 Days

142 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Norfolk County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Norfolk County, MA

Number of homes for sale in Norfolk County, MA real estate market have reached 2,098. The inventory of homes for sale in Norfolk County, MA between August 2022 and September 2022 decreased by 8.3%. The median list price of listings available in September 2022 was $644,379, while the average time on the real estate market was 26 days. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 1.7%, the cost of 2 bedrooms properties went up by 7.8%, the cost of 3 bedrooms properties went up by 9.2%, prices of 4 bedrooms properties went up by 9%, prices of 5 bedrooms properties increased by 10.8%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went down by 5.1%, 2 bedrooms homes inventory increased by 2.4%, the quantity of 3 bedrooms homes went down by 9.8%, 4 bedrooms homes became 15.9% less available, 5 bedrooms homes became 4.7% less available. While more than 302 listings in Norfolk County, MA in September 2022 were sold above asking price, there were more than 61 listings sold at asking price, and more than 205 were sold below.

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