Is Norton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$525,500
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Norton have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Norton was $525,500 in April 2024, up 8.4% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $248.7K | $222.5K | -10.6% |
| 2 Bedrooms | $360.5K | $370K | +2.6% |
| 3 Bedrooms | $500K | $550K | +10.0% |
| 4 Bedrooms | $652K | $735K | +12.7% |
| 5+ Bedrooms | $770K | $777.5K | +1.0% |
Summary: Norton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
| South Easton | $450K | $530K | +17.8% |
| Easton | $551.9K | $599.9K | +8.7% |
| Norton | $485K | $525.5K | +8.4% |
| Mansfield | $600K | $650K | +8.3% |
| Taunton | $450K | $470K | +4.4% |
Housing Supply in Norton, MA
How many homes are available in Norton, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 51 | +30.8% |
Summary: The Norton real estate market had 51 homes for sale in April 2024, a 30.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 13 | 19 | +46.2% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Norton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norton, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Norton in April 2024, up by 30.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 0% were sold at asking, and 77% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 25 Days | -20.9% |
Summary: Homes in Norton had an average of 25 days on market in Apr 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Norton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Norton; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
