Norwood, a community known for its blend of suburban convenience and affordability, experienced notable activity in its housing market during October 2024. Here’s a closer look:
Key Market Statistics
- Median Sale Price: $635,000 (a decrease, signaling affordability gains)
- Average Days on Market: 23 days (an increase, reflecting slightly longer selling times)
- Number of Homes Sold: 15 (an increase, showcasing strong buyer demand)
- Active Listings: 25 (an increase, giving buyers more options)
Trends and Insights
The Norwood market showed increased activity with more homes sold and higher inventory levels. However, the dip in median sale price may indicate a balancing market, appealing to a broader range of buyers.
Why Norwood?
Norwood’s commuter-friendly location, vibrant downtown, and excellent schools make it a popular choice for first-time buyers and families.
Buyer and Seller Tips
- For Buyers: Increased inventory offers more opportunities; act quickly as demand remains strong.
- For Sellers: Emphasize your home’s value to appeal to buyers seeking affordable options.