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Featured local agent — Norwood, MA
Sarah Mitchell
Compass Real Estate · Norwood, MA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Norwood, MA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$830,000median sale price
How is the Norwood, MA housing market right now?
The median home sale price in Norwood, MA is $830,000. Homes sell in an average of 21 days with 14 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Norwood a buyer's or seller's market?
Norwood, MA is currently a strong seller's market, based on 1.3 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
21
Average pace
Active listings
14
1.3 months supply
Sale-to-list
105.2%
Above asking
What does the Norwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $830,000 |
| Median list price | $731,950 |
| Average days on market | 21 days |
| Active inventory | 14 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 105.2% |
| Median price per sq ft | $489/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 16 |
| Listings with a price cut | 14.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Norwood by property type?
How the Norwood, MA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $830,000 | $489/sq ft | 11 | 21 days |
| Condo / Co-op | $587,000 | $442/sq ft | 2 | 14 days |
| Townhouse | $649,000 | $373/sq ft | 1 | 19 days |
Source: Redfin · Updated monthly
The Norwood housing market is currently classified as a strong seller's market with a median sale price of $830,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 21 days on market, indicating 1.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.7x provides context for how home values compare to local earning capacity.
Homes for sale in Norwood
There are currently 14 homes listed for sale in Norwood, Massachusetts. The median listing price is $732K.
Active listings
14
Homes on market
Median list price
$732K
Avg. days on market
21
Days until sale
New this week
16
Newly listed
Who lives in Norwood?
Population
31,380
Median income
$97,110/yr
Median age
39.4 years
Owner-occupied
51.8%
College grads
53.1%
Avg commute
31.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Norwood?
Zillow home value
$750,936
Zillow rent index
$2,601/mo
Price-to-rent ratio
24.1x
Price-to-income
7.7x
Source: Zillow Research
What is it like to live in Norwood?
Norwood is a community of approximately 31K residents with a median age of 39.4 years.The median household income is $97,110, which reflects a relatively affluent area with strong earning potential. 53.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 51.8%, showing a blend of owner and renter-occupied properties. The average commute time is 31.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Norwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Norwood?
8 schools tracked · 3,545 students
The largest public schools serving Norwood, MA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Norwood High
Grades 9-12 · 951 students
Dr. Philip O. Coakley Middle School
Grades 6-8 · 791 students
George F. Willett
Grades PK-K · 422 students
F A Cleveland
Grades 1-5 · 317 students
Balch
Grades 1-5 · 306 students
John P Oldham
Grades 1-5 · 274 students
Charles J Prescott
Grades K-5 · 250 students
Cornelius M Callahan
Grades 1-5 · 234 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Norwood, MA?
Want a head-to-head view? Compare Norwood side-by-side with any other U.S. city using our market-comparison tool.
Is Norwood a good real estate investment market?
For investors evaluating Norwood, the price-to-rent ratio of 24.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Norwood's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Norwood's median home price.
Frequently asked questions
What is the average home price in Norwood?
The median home sale price in Norwood is $830,000, down 0.0% from last year.
How long do homes stay on market in Norwood?
Homes typically spend 21 days on market before going under contract.
What is the median income in Norwood?
The median household income is $97,110 per year.
Is Norwood a buyer's or seller's market?
With 1.3 months of supply, Norwood is currently a strong seller's market.
What is the Zillow home value estimate for Norwood?
The Zillow Home Value Index (ZHVI) for Norwood is $750,936, representing the typical home value in the area.
What is the median condo price in Norwood?
The median condo/co-op sale price in Norwood, MA is $587,000, compared to $830,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Norwood?
The median single-family home price in Norwood, MA is $830,000 (about $489 per square foot).
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