By Michele Taranto

While total housing sold in Norwood dipped in 2020, which was likely attributed to the confinements and health concerns of COVID-19, the Norwood real estate market continues to experience steady growth. 

This past year, total sold, average sales, list price, and market volume have shown significant increases for both single family homes and condominiums in all categories. Houses are quickly jumping off market this year, likely due to continued lack of inventory with only an average 12 days to an accepted offer.

With nationwide inflation, rising interest rates are projected slowly throughout 2022, however, if available inventory remains a challenge, Norwood home sellers could still expect positive numbers with appropriate pricing. 

2021 2020 2019

Total Homes Sold 249 195 227

Ave. Sale Price $620,480 $562,834 $498,147

Ave. Days to Offer 12 15 23

Ave. List Price $596,358 $555,396 $497,711

Total Market Volume $154,499,514 $109,752,660 $113,079,260

Total Condos Sold 121 73 86

Ave. Sale Price $449,611 $417,554 $397,756

Ave. Days to Offer 32 34 30

Ave. List Price $446,747 $419,534 $399,917

Total Market Volume $54,402,950 $30,481,445 $34,207,050

Per MLS, 12/28/21