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Want to know how the Norwood, Massachusetts real estate market is doing? In this 2020 Year in Review Housing Report, we’re looking at home sales in Norwood in 2020 compared to 2019 and how the market performed in that area.

norwood yir 20

Home Sales Down 16.1% + Prices Up 4.7%

As of December 31, 2020, there were 323 homes sold in Norwood over 385 in 2019, a 16.1% decrease. Norwood’s average prices increased by 4.7% to $504,290 over $481,812 in 2019.  These metrics include single families, condos, and multi-families.

Homes Listed in Norwood:

There were 372 homes listed in Norwood in 2020 compared to 2019 when there were 376 homes placed on the market, a 1.1% decrease.

Homes Pending in Norwood:

There were 341 homes placed under contract in Norwood in 2020, up 4.5% from 2019 when there were 357.

Outlook

Understandably, the pandemic slowed the Norwood market down in 2020 after the market shutdown last March.  The market did play catch up and only being down by 62 sales year over year shows that the Fall and Winter were still very active for buyers and sellers.  2021 is predicted to be a very busy year and we are likely to see the number of sales rise year over year and prices continue to increase.


Data provided by Warren Group & MLS PIN and compared to the prior year.