Norfolk County Real Estate: Low Inventory, High Demand, and What It Means for Sellers

The Norfolk County housing market is off to an interesting start in 2025. If you’ve been thinking about selling, now might be the time. Why? Inventory is down significantly compared to last year, but buyer demand remains strong. Homes are still selling, and in many cases, for even higher prices than before. Here’s a closer look at how the market is performing and why sellers are in a great position right now.

Low Inventory is Driving Market Conditions
Across the county, there are fewer homes available compared to Q1 2024. In key towns like Canton, Stoughton, Sharon, Westwood, and Norwood, single-family home sales have dropped—Canton, for example, has had just 10 single-family home sales so far in 2025, compared to 31 in Q1 2024. Norwood saw a similar decline, with just 15 sales this year versus 29 last year. Even in towns where more condos and multi-family homes have sold, the total number of transactions remains lower than last year, pointing to an overall tightening of available inventory.

Homes Are Taking a Bit Longer to Sell—But They Are Selling
While fewer homes are coming on the market, those that do are still selling at a steady pace—just not quite as quickly as last year. The median days on market (DOM) for single-family homes in Norfolk County is now 27 days, compared to just 9 days in Q1 2024. Condos are taking around 26 days to sell, up from 11 days, and multi-families are selling in about 17 days, compared to just 10 days last year. This suggests that while homes aren’t flying off the market in a matter of days, they are still attracting buyers within a reasonable timeframe. The fact that homes are sitting slightly longer could mean more negotiation opportunities for buyers, but it also signals that well-priced, well-marketed homes will continue to sell.

Despite the Shift, Home Prices Are Still Climbing
Even with a small slowdown in how quickly homes are selling, prices continue to trend upward in most towns. Norwood has seen the biggest price increase, with the median sale price jumping from $615,000 in Q1 2024 to $732,500 in early 2025—an increase of nearly 19%! Sharon and Stoughton have also seen steady price growth, while Westwood remains stable, and Canton has seen a slight softening in prices. The takeaway? Sellers are still in control in most areas, and homes that are priced right continue to attract competitive offers.

Buyer Demand is Still Strong—Even with Fewer Homes Available
With 403 single-family homes, 232 condos, and 38 multi-family homes currently for sale in Norfolk County, we’re seeing a lower-than-usual number of options for buyers. At this pace, it’s unlikely that the market will gain another 400 listings by the end of March. This keeps competition high, meaning that sellers who list now are more likely to attract serious buyers and potentially multiple offers. Even though homes are taking a bit longer to go under contract, buyers are still actively searching and willing to pay top dollar for the right property.

What Does This Means for Sellers?
If you’re on the fence about selling, now is a strategic time to list your home. The market still favors sellers, especially with inventory levels so low and demand still strong. When competition among buyers remains high, it typically leads to stronger offers, fewer contingencies, and better terms for sellers. If you’re considering selling, making sure your home is priced competitively and marketed effectively will put you in the best position to take advantage of this market.

Final Thoughts
While 2025 has brought some slight shifts in market dynamics, the key takeaway is this: low inventory is keeping demand high, and sellers who list now are still in a great position to maximize their return. Whether you’re looking to move up, downsize, or relocate, this market still offers great opportunities for sellers. Thinking of making a move? Let’s chat about how to position your home for success in today’s market!