New - 2 days on Rocket
$4,453 Closing Credit¹
#73327582, John Boss, Listing Office: Berkshire Hathaway HomeServices Evolution Properties
Norfolk Housing Market Report December 2024•Norfolk County, Massachusetts
Housing Prices in Norfolk, MA
How much do homes in Norfolk, MA cost?
Housing Market Conditions
Is Norfolk, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Norfolk is a Seller's Market
Difference Since December 2023
Since last year, Norfolk has remained a Seller's Market.
Insight
Norfolk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$811,816$332/SqFt
+$106,066
+15.0%
Based on all homes sold in the last 12 months
Insight
Homes in Norfolk have sold for 15% more than they did a year ago.
Summary: The median home sold price in Norfolk was $811,816 in December 2024, up 15% from last year, and the median price per square foot was $332.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $420K | - | N/A |
| 22 Bedrooms | $657.5K | $712.5K | +8.4% |
| 33 Bedrooms | $651K | $677K | +4.0% |
| 44 Bedrooms | $820K | $912K | +11.2% |
| 55+ Bedrooms | $1.1M | $1.8M | +60.9% |
Summary: Norfolk housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +8.4%. The home price for 3 bedroom homes increased by +4.0%. The home price for 4 bedroom homes increased by +11.2%. The home price for 5 bedroom homes increased by +60.9%.
Housing supply in Norfolk, MA
How many homes are available in Norfolk, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 34Last MonthDec 2024 | ||
| 402 months agoNov 2024 | -15.0 % Change MoMNov – Dec |
Summary: The Norfolk real estate market had 34 homes for sale in Dec 2024, a 15.0 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 13Last MonthDec 2024 | ||
| 112 months agoNov 2024 | +18.2 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 9 | 6 | -33.3% |
| 33 Bedrooms | 7 | 5 | -28.6% |
| 44 Bedrooms | 22 | 20 | -9.1% |
| 55+ Bedrooms | 2 | 3 | +50.0% |
Summary: Norfolk housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes decreased by -28.6%. The inventory for 4 bedroom homes decreased by -9.1%. The inventory for 5 bedroom homes increased by +50.0%.
Asking Price vs. Sold Price
How much do homes in Norfolk, MA cost?
Over Asking Price6 Homes
At Asking Price2 Homes
Under Asking Price5 Homes
Insight
If you're buying a home in Norfolk, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Norfolk in December 2024, up by 18.2% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and and 46% were sold over asking.
Days on Market for Norfolk, MA
How long does it take to sell a home in Norfolk, MA?
Breakdown of Home Sale Times
Under 30 Days6 Homes
30 – 90 Days6 Homes
Over 90 Days1 Home
Insight
Many homes in Norfolk are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 13 homes were sold in Norfolk; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 41 DaysThis YearDec 2024 | ||
| 52 Days1 year agoDec 2023 | -20.1 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Norfolk had an average listing age of 41 days in Dec 2024, down by 20.1% compared to the previous year.
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Newest Listings in Norfolk, MA
What homes are available in Norfolk, MA?
$6,530 Closing Credit¹
#73325739, Francielle Caldeira, Listing Office: RE/MAX Executive Realty
Backup offers
$7,422 Closing Credit¹
#73323047, Tracey Griffin, Listing Office: LAER Realty Partners
$9,797 Closing Credit¹
#73321353, Adam Roche, Listing Office: Clients Realty
Backup offers
$8,668 Closing Credit¹
#73318990, Irene Levesque, Listing Office: First New England Realty Group
$5,224 Closing Credit¹
#73306607, Lisa Biggar, Listing Office: LAER Realty Partners
Backup offers
$10,000 Closing Credit¹
#73294624, The Sarkis Team, Listing Office: Douglas Elliman Real Estate - The Sarkis Team
#73287190, DeWolfe Group, Listing Office: Gibson Sotheby's International Realty
Backup offers
$10,000 Closing Credit¹
#73287170, The Sarkis Team, Listing Office: Douglas Elliman Real Estate - The Sarkis Team
$8,312 Closing Credit¹
#73277667, Trinity Group, Listing Office: Mega Realty Services
$5,580 Closing Credit¹
#73254664, Antonio Illas, Listing Office: Keller Williams Elite
#73240466, Larry Lawfer, Listing Office: eXp Realty
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Based on information from MLS Property Information Network Inc., for the period 01/01/2023 - 01/01/2025
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/22/2025, 10:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.