Norwell Real Estate Mid-Year Progress Report (updated)

| July 6, 2012 | 0 Comments

Town of Norwell Real Estate The town of Norwell boasts some of the best neighborhoods and schools on the south shore. But in relation to nearby towns, the real estate market hasn’t been extremely active. With approximately 15 homes sold in May, Norwell is running middle of the pack against all other south shore towns.

Here are the basic real estate statistics for Norwell, MA midway through June.
Median Sale Price: = $517,000
Average Cost Per Sq. Ft. = $224.46*
*Average Cost per Square foot can vary from home to home based on a wide range of criteria. Don’t read too much into this number. Cost per square foot is not a reliable stat to determine your homes value.
Original List Price To Sale Price Ratio= 89.3% This number is very interesting. This means that on average, buyers are paying approximately 88% of the original asking price when the home is first put on the market.

Norwell real estate homes sold mid year report *Click to enlarge image

Norwell Real Estate mid year 2011 v 2012

*Click to enlarge image
Norwell Real Estate activity over the first six months of 2012 has been pretty even with the first half of 2011. The exact same number of homes (47) have been sold year to date as in 2011 the only difference between the past 2 years is that June of 2012 has been slightly more active than last June.

The Average Norwell Home Sale looks like this.

3.5 Bedrooms
8.5 Rooms
2.6 Bathrooms
2,750 Sq. Ft.
Just under 2 Acres per lot
Average Sale Price of $603,000

Norwell Real Estate Pricing Breakdown *click to enlarge image

Latest Homes For Sale in Norwell



 

 

 

Disclosures:
All information collected from MLSPIN and reflects only transactions that were listed on Multiple Listing Service. Private sale transactions are not included in this data.

Data only represents single family homes. Condominiums & Multi-Family properties are not included in this data.

All information is presumed reliable but is not guaranteed, and should be independently verified. The information provided in this report is provided for personal use only and may not be copied or distributed.

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Category: Neighborhood Spotlight

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The S3 Team was created by a group of local real estate agents, designers and business partners from Massachusetts South Shore. Trying to tell the story of the South Shore community and striving to connect the world to all the amazing things that make the South Shore great.

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