Is Norwood, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Norwood has remained a Seller's Market.
Housing Prices in Norwood, MA
How much do homes in Norwood, MA cost?
Median Sold Price
$625,333
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Norwood was $625,333 in June 2024, up 1.7% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $294.4K | $250K | -15.1% |
2 Bedrooms | $480K | $500K | +4.2% |
3 Bedrooms | $615K | $635K | +3.3% |
4 Bedrooms | $691.2K | $749K | +8.4% |
5+ Bedrooms | $852K | $975K | +14.4% |
Summary: Norwood housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.1%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 14.4%.
Housing Supply in Norwood, MA
How many homes are available in Norwood, MA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
53 | 60 | +13.2% |
Summary: The Norwood real estate market had 60 homes for sale in June 2024, a 13.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 21 | 21 | 0.0% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Norwood housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Norwood in June 2024, up by 6.7% month-over-month. Of the 16 sold homes, 31% were sold under asking, 0% were sold at asking, and 69% were sold over asking.
Days on Market for Norwood, MA
How long does it take to sell a home in Norwood, MA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 15 Days | -11.8% |
Summary: Homes in Norwood had an average of 15 days on market in Jun 2024, down by 11.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 16 homes were sold in Norwood; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.