Is Norton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$530,000
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Norton have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Norton was $530,000 in March 2024, up 13.1% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.5K | $210K | -7.7% |
| 2 Bedrooms | $361K | $365.2K | +1.2% |
| 3 Bedrooms | $492K | $545K | +10.8% |
| 4 Bedrooms | $649.9K | $735K | +13.1% |
| 5+ Bedrooms | $749K | $817.5K | +9.1% |
Summary: Norton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
| South Easton | $450K | $530K | +17.8% |
| Norton | $468.8K | $530K | +13.1% |
| Easton | $554.6K | $602.5K | +8.6% |
| Mansfield | $596.2K | $635K | +6.5% |
| Taunton | $450K | $465K | +3.3% |
Housing Supply in Norton, MA
How many homes are available in Norton, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 36 | -7.7% |
Summary: The Norton real estate market had 36 homes for sale in March 2024, a 7.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 12 | +71.4% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 13 | 7 | -46.2% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Norton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 71.4%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes decreased by 46.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norton, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Norton in March 2024, down by 33.3% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 22 Days | -51.8% |
Summary: Homes in Norton had an average of 22 days on market in Mar 2024, down by 51.8% compared to last year.
Breakdown of Home Sale Times
8 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 March 2024, 10 homes were sold in Norton; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
