Is Norfolk, MA 02056 a buyer’s or seller’s market?
Norfolk is a seller’s market. With about 1.5 months of supply and 59% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 95% of U.S. ZIP codes, and #75 of 362 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Norfolk housing market right now
In the three months ending August 31, 2026, 59% of homes in Norfolk, MA 02056 sold above their list price, the typical home went under contract in 22 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 56 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 43%, homes sold faster (24 days then) and the median sale price rose 5% to $847,633. Overall, Norfolk is more competitive than a year ago, so tougher for buyers.
Within Norfolk County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell more often over asking than in 76%. On our competition score, Norfolk ranks #75 of 362 MA ZIP codes with enough sales (score 90 out of 100).
Nearby, buyers who want less competition could look at Dover 02030 (5% sold over asking) or South Walpole 02071 (20% sold over asking), while East Walpole 02032 (73% sold over asking) and Holbrook 02343 (71% sold over asking) are even more competitive.
Run the numbers for 02056
Nearby markets
Avon 02322Seller’s market $335 /sq ftBellingham 02019Seller’s market $282 /sq ftBraintree 02184Seller’s market $428 /sq ftBrookline 02445Balanced $776 /sq ft Browse all markets →Towns like Norfolk nearby
Find towns like Norfolk in other states →Where Norfolk is
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Questions about Norfolk real estate
Is Norfolk a buyer’s or seller’s market?
A seller’s market: there were 1.5 months of supply in Norfolk, MA 02056 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Norfolk?
The typical home went under contract in 22 days in the latest three months.
Do homes in Norfolk sell over asking?
59% of homes sold above their original list price, and the typical sale closed at 101.7% of the list price.
What are property taxes in Norfolk?
About 1.06% of a home’s value a year in Norfolk County, or roughly $4,240 on a $400,000 home.
What is the median home price in Norfolk?
The median sale price was $847,633 in the three months ending August 31, 2026, about $344 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology