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

Housing Market Conditions



Gauge showing Norwood is a seller's market


Difference Since November 2022

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.

Housing Prices in Norwood, MA

How much do homes in Norwood, MA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Norwood have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Norwood was $625,000 in November 2023, down 1.6% from last year, and the median price per square foot was $385.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $268K$257.5K
2 $485K$480K
3 $635K$625K
4 $705K$701.5K
5+ $770K$907.5K

Summary: Norwood housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 17.9%.

Median Sold Price Compared To Nearby Cities

East Walpole

Housing Supply in Norwood, MA

How many homes are available in Norwood, MA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Norwood real estate market had 55 homes for sale in November 2023, a 1.8% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 01
2 1112
3 2328
4 1511
5+ 73

Summary: The Norwood housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 57.1%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norwood, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Norwood in November 2023, down by 11.8% month-over-month. Of the 15 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% 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

Nov 2022Nov 2023CHANGE
19 Days17 Days-11.6%

Summary: Homes in Norwood had an average of 17 days on market in Nov 2023, down by 11.6% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 15 homes were sold in Norwood; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% 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 8 Days Ago

Newest Listings in Norwood, MA

Nearby Markets to Norwood, MA

What housing markets are near Norwood, MA?