Homes in Norfolk Mass Up by 7% in 2015
In Norfolk Mass through the end of 2015 there were 148 closed single family sales. The median sales price in Norfolk was up 7.1% at the end of the year.
Home sellers in Norfolk achieved 97.1% of their asking prices in 2015. Essentially, this means that for every $100.00 in asking price, the sellers achieved $97.10. This was a 2.2% increase. The 2% increase could be simply due to the fact that there was a 16% deficit in available single family homes. We need more homes in Norfolk to sell.
The median sales price in Norfolk, MA for 2015 was $493,500. In 2014, the median sales price was $460,900. As of February 9, 2016 , there are 42 single family properties on the market. The least expensive property on the market is listed for $239,000. The most expensive property currently on the market in Norfolk is listed at $2.5mm. The average list price of the 42 properties on the market is $828,320. In the last 30 days, there have been 9 closed sales. These closed sales sold at $213 .00 square foot. The median sales price of these 9 properties was $514,000.
If you are considering a move in or out of Norfolk and need an honest opinion or even a second opinion, please feel free to give to call at Realtor Mike Mahoney at (617) 980-9025. You can also review market conditions and inventory at www.HomesinNorfolkMass.com. You can get the value of any home in the area at www.NorfolkCountyHomeValues.com
Real Estate Advisor
Keller Williams Realty