$10,000 Closing Credit*
$1,250,000
3,007 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73308519, The Laurie Detwiler Team, Listing Office: William Raveis R.E. & Home Services
Is Norwell, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Norwell has remained a Seller's Market.
Key Takeaway
Norwell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norwell, MA
How much do homes in Norwell, MA cost?
Median Sold Price
$965,000
$401/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$130,000(+15.6%)
Key Takeaway
Homes in Norwell have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Norwell was $965,000 in September 2024, up 15.6% from last year, and the median price per square foot was $401.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $735K | $782K | +6.4% |
| 3 Bedrooms | $713.5K | $805K | +12.8% |
| 4 Bedrooms | $944K | $1.2M | +35.1% |
| 5+ Bedrooms | $1.6M | $1.9M | +22.5% |
Summary: Norwell housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 35.1%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Cities
| Norwell | $835K | $965K | +15.6% |
| Marshfield | $685K | $758.3K | +10.7% |
| Hanover | $715K | $766.2K | +7.2% |
| Pembroke | $559K | $584.9K | +4.6% |
| Scituate | $860.5K | $875K | +1.7% |
Housing Supply in Norwell, MA
How many homes are available in Norwell, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 39 | 42 | +7.7% |
Summary: The Norwell real estate market had 42 homes for sale in September 2024, a 7.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Norwell housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwell, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Norwell in September 2024, up by 44.4% month-over-month. Of the 13 sold homes, 54% were sold under asking, 0% were sold at asking, and 46% were sold over asking.
Days on Market for Norwell, MA
How long does it take to sell a home in Norwell, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 15 Days | 46 Days | +189.5% |
Summary: Homes in Norwell had an average of 46 days on market in Sep 2024, up by 189.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Norwell are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 13 homes were sold in Norwell; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
