Is Norton, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Norton is a seller's market

Buyer's
Market

Difference Since February 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

$526,000

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$59,750(+12.8%)

Key Takeaway

Homes in Norton have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in Norton was $526,000 in February 2024, up 12.8% from last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $270K$210K
-22.2%
2 $360K$362K
+0.6%
3 $491K$550K
+12.0%
4 $649.9K$750K
+15.4%
5+ $734.5K$817.5K
+11.3%

Summary: Norton housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 11.3%.

Median Sold Price Compared To Nearby Cities

South Easton
+14.4%
Norton
+12.8%
Mansfield
+11.9%
Easton
+6.3%
Taunton
+2.3%

Housing Supply in Norton, MA

How many homes are available in Norton, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3936-7.7%

Summary: The Norton real estate market had 36 homes for sale in February 2024, a 7.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 96
-33.3%
3 1015
+50.0%
4 1611
-31.3%
5+ 44
0.0%

Summary: The Norton housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
814+75.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norton, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Norton in February 2024, up by 75.0% month-over-month. Of the 14 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% 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

Feb 2023Feb 2024CHANGE
38 Days42 Days+11.5%

Summary: Homes in Norton had an average of 42 days on market in Feb 2024, up by 11.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 14 homes were sold in Norton; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

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

Report Updated 28 Days Ago

Newest Listings in Norton, MA

Nearby Markets to Norton, MA

What housing markets are near Norton, MA?