Norfolk County home prices fell 1.3% in December, with houses listed at a median of $850,000
The median listed home price in Norfolk County at $850,000 in December, down 1.3% from the previous month's $861,500, an analysis of data from Realtor.com shows.
The price increased 9.7% from $769,950 in December 2022.
Norfolk County houses listed for sale had a median area of 1,984 square feet, or $438 per square foot. The price per square foot was up 7.9% from December 2022.
Norfolk County homes were sold after a median 50 days on the market compared to the December national median of 61 days.
In the previous month, homes had a median of 35 days on the market. About 256 homes were newly listed in December, a 23.1% increase from 208 in December 2022.
The statistics in this article only pertain to houses listed for sale in Norfolk County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.patriotledger.com.
The median home prices issued by Realtor.com may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
Across the Boston-Cambridge-Newton metro area, median home prices fell to $800,000, slightly lower than a month earlier. The median square footage was 1,835 at a list price of $449 per square foot.
In Massachusetts, median home prices were $739,545, a slight decrease from November. The median Massachusetts home listed for sale had 1,830 square feet, with a price of $407 per square foot.
Throughout the United States, the median home price was $410,000, a slight decrease from the month before. The median American home for sale was listed at 1,838 square feet, with a price of $220 per square foot.
The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
This article originally appeared on The Patriot Ledger: Norfolk County home prices fell 1.3% in December, with houses listed at a median of $850,000
