Is Norwood, 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, Norwood has remained a Seller's Market.
Key Takeaway
Norwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Norwood, MA cost?
Median Sold Price
$611,200
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2021
+$70,200(+13.0%)
Key Takeaway
Homes in Norwood have sold for 13% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | $284K | $261.5K | -7.9%  |
| 2 Bedrooms | $475K | $475K | 0.0% |
| 3 Bedrooms | $540K | $611.5K | +13.2% |
| 4 Bedrooms | $600K | $715K | +19.2% |
| 5+ Bedrooms | $692.4K | $700K | +1.1% |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Westwood | +16.7% |
| Canton | +14.8% |
| Norwood | +13.0% |
| East Walpole | +11.0% |
| Walpole | +9.9% |
How many homes are available in Norwood, MA?
Number of Homes For Sale
| Apr 2022 | May 2022 | % |
|---|---|---|
| 91 | 102 | +12.1% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3%  |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 28 | 36 | +28.6% |
| 4 Bedrooms | 34 | 33 | -2.9% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 23 | 31 | +34.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwood, you could pay more than the asking price. 77.4% of homes here sold above asking price last month.
Average Sale Time
| May 2021 | May 2022 | % |
|---|---|---|
| 26 Days | 19 Days | -27.4% |
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Norwood are selling fast, if you're buying plan to act quickly.
