Is Norwell, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2021
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.
How much do homes in Norwell, MA cost?
Median Sold Price
$849,500
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2021
+$94,500(+12.5%)
Key Takeaway
Homes in Norwell have sold for 12.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | $430K | - | N/A |
| 2 Bedrooms | $615K | $727.5K | +18.3% |
| 3 Bedrooms | $632.5K | $661K | +4.5% |
| 4 Bedrooms | $860K | $1.0M | +16.3% |
| 5+ Bedrooms | $1.3M | $1.6M | +17.4% |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Hanover | +17.2% |
| Scituate | +17.0% |
| Rockland | +16.2% |
| Norwell | +12.5% |
| Marshfield | +12.2% |
How many homes are available in Norwell, MA?
Number of Homes For Sale
| Apr 2022 | May 2022 | % |
|---|---|---|
| 55 | 55 | 0.0% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0%  |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 22 | 27 | +22.7%  |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwell, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Average Sale Time
| May 2021 | May 2022 | % |
|---|---|---|
| 71 Days | 17 Days | -75.8% |
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norwell are selling fast, if you're buying plan to act quickly.
