Norwood, MA Foreclosures
How much do homes sell for in Norwood, MA?
The average home price is currently $777,902.
In Norwood, MA, how many homes are available?
There are currently 35 active home listings available in Norwood.
What’s the average rental cost in Norwood, MA?
The average rental price in Norwood is $2,254.
What is the most expensive home in Norwood?
The most expensive home sold in Norwood had a price of $99,688,664.
What is currently the cheapest priced home in Norwood, MA?
The cheapest home for sale in Norwood is priced at $30,272.
Living in Norwood, MA
Norwood is a picturesque town located in Norfolk County, Massachusetts, known for its vibrant community atmosphere and rich history. The town features a mix of charming residential areas, well-maintained parks, and modern amenities, making it a great place for families and professionals alike. With a variety of dining options, shopping centers, and excellent schools, Norwood offers a balanced lifestyle with easy access to major roadways for commuting to nearby cities.
Current Market Conditions in Norwood, MA
The real estate market in Norwood is currently experiencing a strong upward trend in home prices due to increased demand and limited inventory. Homebuyers are particularly drawn to Norwood for its family-friendly environment, excellent schools, and convenient commuting options to Boston. As a result, properties are receiving multiple offers and moving quickly off the market, often above the asking price. The competitive nature of the market has led to a surge in new developments and renovations as buyers search for their ideal homes in this desirable location.
Recently, the demand for homes in Norwood has driven the prices up significantly. Many first-time buyers are looking for starter homes, while families are eyeing more spacious properties. Real estate agents report a steady interest in both single-family homes and condominiums, indicating a robust market that caters to various needs. Investors are also observing the potential for rental yields as the rental market in Norwood remains strong, further boosting interest in the area.
Home Value Estimator For Norwood, MA
There are currently 8,185 real estate properties
in Norwood, MA,
with a median automated valuation model (AVM) price
of $732,831.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Norwood, MA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Norwood, MA,
is $777,902.00, with the most expensive house
in Norwood, MA, topping out
at $99,688,664.00 and the cheapest home
in Norwood, MA,
clocking in at $30,272.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Norwood, MA!
Rent Prices
In Norwood, MA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Norwood, MA, is on
a rollercoaster ride. The
average rent price in Norwood, MA,
is $2,254.00. Indeed, when looking to rent in
Norwood, MA, you can expect to pay as little
as $1,300.00 or as much
as $4,230.00,
with the average rent median estimated to
be $2,290.00. The good news is that finding
an affordable and desirable property to rent in Norwood, MA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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