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2017 Norwood Year in Review

Want to know how the Norwood, Massachusetts real estate market is doing? In this 2017 Year in Review Housing Report, we’re looking at home sales in Norwood for 2017 compared to 2016 and how the market is currently performing in that area.

As of December 31st, 2017, a total of 335 homes sold in Norwood at an average sale price of $418,529. (These numbers include single-family homes, condominiums, and multi-family sales combined). Total sales are down 9.21% from this same time period in 2016 when 369 total homes were sold, and average prices are up 8.75%, from $384,841 in 2016.

Homes Listed in Norwood:

From January 1st to December 31st, there were 322 homes listed on the market, down 19.1% compared to 398 within the same date range in 2016.

Homes Pending in Norwood:

From January 1st to December 31st, there were 317 homes that went pending (contract accepted) down 10.2% compared to 353 within the same date range in 2016.

The Norwood market is performing similarly to the trends in the overall Massachusetts 2017 Year in Review, as sales decreased and prices increased in 2017.

*Data provided by Warren Group and MLSPin.