Norwell, MA Real Estate & Homes for Sale

As of November 2023, the Norwell housing market is experiencing a notable upward trend. Home prices have increased by 9.3% compared to last year, with the median sale price now at $820,000. Homes in Norwell are selling more quickly than in the previous year, averaging 21 days on the market as opposed to 23 days last year. Additionally, there's been an increase in sales volume, with 15 homes sold in November 2023, up from 9 homes sold in the same month last year.

The Norwell housing market is moderately competitive. On average, homes in Norwell are selling in about 19 days. There is a tendency for some homes to receive multiple offers, indicating a healthy level of demand. Typically, homes sell for approximately their listed price and go pending within the same 19-day period. For homes that are particularly desirable, known as 'hot homes', they can sell for around 5% above the list price and may go pending more quickly, often in around 12 days. This indicates a dynamic market where well-positioned properties are in high demand.

Norwell, located in Plymouth County, is considered one of the best places to live in Massachusetts. It provides residents with a rural ambiance, which is a significant draw for those who prefer a more tranquil and nature-oriented lifestyle. The majority of Norwell residents own their homes, suggesting a stable and invested community. The abundance of parks in the area adds to its appeal, offering ample outdoor recreational opportunities. The town is also popular among retirees, indicating a peaceful and community-oriented environment. Politically, the residents of Norwell tend to have liberal views. Overall, Norwell is characterized by its quiet, park-rich setting and a strong sense of community, making it an attractive place for various demographics, including families and retirees.