Is Norfolk County, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Norfolk County has remained a Seller's Market.
Housing Prices in Norfolk County, MA
How much do homes in Norfolk County, MA cost?
Median Sold Price
$705,636
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Norfolk County was $705,636 in June 2024, up 8.5% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345K | $369.1K | +7.0% |
2 Bedrooms | $484.8K | $521.6K | +7.6% |
3 Bedrooms | $598.7K | $663.2K | +10.8% |
4 Bedrooms | $822.9K | $877.8K | +6.7% |
5+ Bedrooms | $1.2M | $1.4M | +16.8% |
Summary: Norfolk County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Counties
Bristol County | $450.1K | $489.9K | +8.9% |
Middlesex County | $716.7K | $779.8K | +8.8% |
Norfolk County | $650K | $705.6K | +8.5% |
Plymouth County | $542.9K | $587.6K | +8.2% |
Suffolk County | $751K | $775K | +3.2% |
Housing Supply in Norfolk County, MA
How many homes are available in Norfolk County, MA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
2,225 | 2,231 | 0.3% |
Summary: The Norfolk County real estate market had 2,231 homes for sale in June 2024, a 0.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 106 | 111 | +4.7% |
2 Bedrooms | 451 | 443 | -1.8% |
3 Bedrooms | 667 | 688 | +3.1% |
4 Bedrooms | 626 | 609 | -2.7% |
5+ Bedrooms | 375 | 380 | +1.3% |
Summary: The Norfolk County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.7%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 1.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
556 | 663 | +19.2% |
Asking Price vs. Sold Price
158 Homes Were Sold
Under Asking
71 Homes Were Sold
At Asking
434 Homes Were Sold
Over Asking
Summary: A total of 663 homes were sold or pending in Norfolk County in June 2024, up by 19.2% month-over-month. Of the 663 sold homes, 24% were sold under asking, 11% were sold at asking, and 65% were sold over asking.
Days on Market for Norfolk County, MA
How long does it take to sell a home in Norfolk County, MA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
23 Days | 23 Days | -0.6% |
Summary: Homes in Norfolk County had an average of 23 days on market in Jun 2024, down by 0.6% compared to last year.
Breakdown of Home Sale Times
551 Homes Were Sold
Under 30 Days
90 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During June 2024, 663 homes were sold in Norfolk County; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.