$8,016 Closing Credit*
$675,000
1,797 SqFt
3 Beds
•2 Full Baths
#73308300, Sheila Moylan, Listing Office: Coldwell Banker Realty - Westwood
Is Norwood, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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
$656,500
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$42,416(+6.9%)
Key Takeaway
Homes in Norwood have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Norwood was $656,500 in September 2024, up 6.9% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257K | $337K | +31.1% |
| 2 Bedrooms | $470K | $502.5K | +6.9% |
| 3 Bedrooms | $627.5K | $667.5K | +6.4% |
| 4 Bedrooms | $687.5K | $772.5K | +12.4% |
| 5+ Bedrooms | $894.5K | $1.0M | +11.9% |
Summary: Norwood housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.1%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 11.9%.
Housing Supply in Norwood, MA
How many homes are available in Norwood, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 47 | 47 | 0.0% |
Summary: The Norwood real estate market had 47 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Norwood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.5%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 20 | 13 | -35.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norwood, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Norwood in September 2024, down by 35.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 8% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 29 Days | 14 Days | -51.5% |
Summary: Homes in Norwood had an average of 14 days on market in Sep 2024, down by 51.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norwood are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 13 homes were sold in Norwood; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
