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

Housing Market Conditions



Gauge showing Norwell is a seller's market


Difference Since November 2022

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



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Norwell have sold for 4% less than they did a year ago.

Summary: The median home sold price in Norwell was $843,000 in November 2023, down 4% from last year, and the median price per square foot was $372.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 --
2 $720K$607.5K
3 $757K$747.5K
4 $1.0M$1.0M
5+ $1.6M$1.9M

Summary: Norwell housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.6%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 14.2%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Norwell, MA

How many homes are available in Norwell, MA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Norwell real estate market had 33 homes for sale in November 2023, a 8.3% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 00
2 65
3 1212
4 1312
5+ 54

Summary: The Norwell housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norwell, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Norwell in November 2023, up by 71.4% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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

Nov 2022Nov 2023CHANGE
29 Days31 Days+4.9%

Summary: Homes in Norwell had an average of 31 days on market in Nov 2023, up by 4.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 12 homes were sold in Norwell; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% 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 7 Days Ago

Newest Listings in Norwell, MA

Nearby Markets to Norwell, MA

What housing markets are near Norwell, MA?