What a busy year it has been. If you’re wondering how the real estate market is doing in Norwell, here’s everything you need to know. As of October 11, 2017, there have are currently 50 single family Norwell MA homes for sale (not including condos). This is a very low level of inventory, which has pushed prices higher in the past year.
The price point breakdown for current Norwell MA homes for sale
As follows, as of 10/11/17:
2 homes listed over $2.0+ million
8 homes listed between $1.50 and $1.99 million
12 homes listed between $1.0 and $1.499 million
7 homes listed between $800K and $999K
6 homes listed between $700K and $799K
10 homes listed between $600K and $699K
4 homes listed between $500K and $599K
3 homes listed between $400K and $499K
No homes currently listed for sale under $400K
Because there are so few moderately priced Norwell MA homes for sale, the average list price is presently $1.056 million with an average per square foot price of $299. Obviously, this is skewed due to 22 homes currently listed between $1.0M and $2.65M. The average days on market is 142 and the average living area is 3,816 square feet.
Here is a more detailed breakdown on current Norwell MA homes for sale based on the price tiers outlined above:
10 homes listed at or above $1.5M. Average list price: $1.845M. Average per square price: $336. Average days on market: 149. Average living area: 6,099 SF.
12 homes listed between $1.0M and $1.499M. Average list price: $1.293M. Average per square foot price: $296. Average days on market: 172. Average living area: 4,792 SF.
6 homes listed between $800K and $999K. Average list price: $910,933. Average per square foot price: $320. Average days on market: 266. Average living area: 3,555 SF.
6 homes listed between $700K and $799K. Average list price: $749,483. Average per square foot price: $249. Average days on market: 221. Average living area: 3,106 SF.
10 homes listed between $600K and $699K. Average list price: $654,960. Average per square foot price: $271. Average days on market: 68. Average living area: 2,534 SF.
4 homes listed between $500K and $599K. Average list price: $568,225. Average per square foot price: $286. Average days on market: 27. Average living area: 2,078 SF.
3 homes listed between $400K and $499K. Average list price: $448,600. Average per square foot price: $342. Average days on market: 30. Average living area: 1,311 SF.
There are no homes currently listed under $416,900.
As of October 11, 2017, there are 22 Norwell MA homes for sale that are under contract to be sold ranging between $275,000 and $1,300,000.
The average Norwell MA homes list price was $679,422 with an average per square foot price of $257. The average days to offer was 61 and the average living area square footage was 2,796.
Norwell MA homes year to date sales as of 10/11/17 are as follows:
There have been 119 Norwell MA single family home sales year to date between $333,500 and $1,750,000. The average list price was $769,434 and the average sale price per square foot was $260. The average days on market was 84 and the average living area was 3,033 SF.
If you have any questions about the above data or if you’re thinking about selling your Norwell MA home in the near future and would like to know the value of your home, please feel free to reach out to me, George Jamieson, Realtor at William Raveis Real Estate. I can be reached at 617-877-4839 or by email at George.jamieson@raveis.com.
The above data was derived from MLSPIN, the multiple listing service serving Massachusetts. This data does not include private sales and For Sale By Owner listings or condominium listing and sales.