Is Norfolk County, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Norfolk County has remained a Seller's Market.
Housing Prices in Norfolk County, MA
How much do homes in Norfolk County, MA cost?
Median Sold Price
$699,215
$390/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Norfolk County was $699,215 in April 2024, up 7.4% from last year, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $340.9K | $370K | +8.5% |
2 Bedrooms | $475K | $520.3K | +9.5% |
3 Bedrooms | $600K | $650K | +8.3% |
4 Bedrooms | $830.4K | $856.7K | +3.2% |
5+ Bedrooms | $1.3M | $1.4M | +8.0% |
Summary: Norfolk County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Counties
Middlesex County | $713.1K | $773.8K | +8.5% |
Plymouth County | $539.5K | $581.2K | +7.7% |
Norfolk County | $650.9K | $699.2K | +7.4% |
Bristol County | $449.9K | $480.4K | +6.8% |
Suffolk County | $749.6K | $776K | +3.5% |
Housing Supply in Norfolk County, MA
How many homes are available in Norfolk County, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,486 | 1,721 | +15.8% |
Summary: The Norfolk County real estate market had 1,721 homes for sale in April 2024, a 15.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 75 | 91 | +21.3% |
2 Bedrooms | 351 | 388 | +10.5% |
3 Bedrooms | 423 | 480 | +13.5% |
4 Bedrooms | 375 | 449 | +19.7% |
5+ Bedrooms | 262 | 313 | +19.5% |
Summary: The Norfolk County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.3%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 19.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
407 | 436 | +7.1% |
Asking Price vs. Sold Price
123 Homes Were Sold
Under Asking
46 Homes Were Sold
At Asking
267 Homes Were Sold
Over Asking
Summary: A total of 436 homes were sold or pending in Norfolk County in April 2024, up by 7.1% month-over-month. Of the 436 sold homes, 28% were sold under asking, 11% were sold at asking, and 61% were sold over asking.
Days on Market for Norfolk County, MA
How long does it take to sell a home in Norfolk County, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 29 Days | +7.1% |
Summary: Homes in Norfolk County had an average of 29 days on market in Apr 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
337 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During April 2024, 436 homes were sold in Norfolk County; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.