Norfolk County is a bustling suburban area that has seen a growing demand for single-family homes in recent years. In this blog post, we will dive into the current state of the single-family home market in Norfolk County and provide real-time figures.
As of February 9, 2023, the median list price for single-family homes in Norfolk County is $779,000, up from $760,000 in January. This represents a 2.4% increase in the median list price over the last month. In comparison, the median list price for single-family homes in Massachusetts is $449,000, which is significantly lower than the median list price in Norfolk County.
The number of single-family homes currently on the market in Norfolk County is 1,292, which is a decrease from the previous month when there were 1,317 homes on the market. This represents a 1.9% decrease in the number of homes available for sale.
When it comes to the number of homes that have sold in the last 30 days, there have been 250 single-family homes sold in Norfolk County. This is an increase from the previous month when there were 235 homes sold. This represents a 6.0% increase in the number of homes sold over the last month.
In terms of the average days on market, single-family homes in Norfolk County are spending an average of 29 days on the market, which is an increase from the previous month when the average days on market was 27. This represents a 7.4% increase in the average days on market over the last month.
In conclusion, the single-family home market in Norfolk County continues to be strong, with a growing demand for homes and a relatively low supply. The median list price for single-family homes has increased over the last month, and the number of homes sold has also gone up. While the average days on market has increased slightly, homes are still selling relatively quickly in Norfolk County. If you're thinking about buying or selling a single-family home in Norfolk County, now may be a good time to do so. And for those looking for expert guidance, the John Hollis Group is here to help. With years of experience in the real estate market, the team at the John Hollis Group is well-equipped to provide you with the support and resources you need to make informed decisions about buying or selling a home in Norfolk County. Contact us today to schedule a consultation and take the first step towards securing your dream home.