Important points
Home prices in Norfolk County fell 3% in June compared to the same month last year, a sharp departure from the national pace of growth, but more than half of homes still sold for above asking price. The median sales price fell to $782,792, a correction from the highs recorded in mid-2025, while the national median rose 2% to $408,776. Inventory is up 13% year-over-year and new listings are up 17%, giving buyers more options than in years.
A snapshot of the housing market in Norfolk County, Massachusetts
Median Sales Price Pending Sales Active Listing Days Market Days Sold on List $782,792 (-2.7% YoY) 877 (+7.3% YoY) 2,405 (+13.4% YoY) 20 days (+1 day YoY) 57.6% (-0.2 ppt YoY)
Despite the intense bidding wars, the median sale price in Norfolk County has actually fallen by about 3% from a year ago, dropping to $782,792 from a peak of more than $800,000 in mid-2025. This paradox determined the character of the market in June. Despite the typical home still selling for 2% above list price and closing in just 20 days, overall price levels have retreated. The flood of new inventory has given buyers more choice without reducing their desire to compete on individual properties.
Below is a breakdown of housing data for Norfolk County, Massachusetts for June 2026, as well as guidance for buyers and sellers as we head into late summer.
A snapshot of the US housing market
Median Sales Price Pending On Sale Active Listing Days Balance of Buyers and Sellers on Market $408,776 (+2.2% YoY) 349,254 (+4.5% YoY) 1,496,490 (+0.8% YoY) 49 Days (+1 Day YoY) Number of sellers outnumber buyers by 48.5%
Norfolk County occupied a strange middle ground in the national picture. U.S. housing indicators show gradual improvement, with prices up 2%, pending sales up about 5%, and inventory holding steady. Norfolk County bucked that trajectory in both directions. Prices fell about 3% as the U.S. gained ground, but inventories expanded more than 16 times faster than the national rate and new listings surged at a pace rarely seen locally. This rebound looked more like a normalization from a pandemic-era peak than a fundamental demand collapse.
“June marked a crossroads in the continued recovery of the housing market,” said Chen Zhao, head of economic research at Redfin. “Prices rose faster than in recent months, with economic uncertainty related to the Iran war and rising mortgage rates spooking some home buyers and sellers.On the bright side, home sales are trending upwards and wages have risen faster than prices, helping There are areas of competition in the Midwest, Northeast, and Gulf Coast regions, but in general, consumers are still weathering a difficult period. Still, economists expect the market to improve gradually over the next few years.”
Norfolk County prices fall from pandemic highs
Norfolk County’s median sales price fell about 3% from last June to about $783,000, even though more than half of homes received bids above asking price. Nationally, it rose 2% to $408,776. Prices in Norfolk County remain nearly twice the U.S. median, but the gap has narrowed for the first time in more than a year. Prices locally peaked at $804,250 in June 2025, but have since fallen to around $21,000.
Median price per square foot fell just 0.2% year-over-year to $441, suggesting that changes in the mix of homes sold, rather than a drastic collapse in prices, contributed to the decline. Price reductions were relatively subdued at 15% of active listings, down 4 percentage points year over year. Typical homes sold for 102% of list price, down slightly from 102.3% a year ago.
Buyers competed hard despite falling prices
Despite the drop in prices, Norfolk County buyers showed no hesitation. Pending sales increased 7% year-over-year to 877, with approximately 56% of listings going under contract within two weeks. The rate over the past two weeks is down about 3 percentage points from a year ago, but still dwarfs the national figure of about 31% (seasonally adjusted). The median time for a home to sell is 20 days, just one day slower than June 2025 and less than half the national median of 49 days. The price correction did not diminish the urgency. It just changed the playing field.
Closing sales were 792, essentially flat year-over-year (down less than 1%), although the national pace accelerated by about 5%. Rather than a weakening of demand, this divergence reflects an expansion on the supply side in Norfolk County, giving buyers a larger list to consider and allowing them to spread their deals across a larger pool without reducing their individual competitiveness. Nationally, pending sales increased by about 5%. Norfolk County topped this at 7%, suggesting local demand momentum remains stronger than nationally.
Inventories are expanding at the fastest pace in years
Purchase options for Norfolk County buyers expanded significantly in June. The number of active inventories reached 2,405 items after increasing by about 13% compared to the same month last year, the highest level in June since 2020, but nationwide the number of inventories remained almost unchanged (+0.8%). The number of new listings rose 17% to 965, the strongest injection of new supply in more than two years. The age of effective stock remained stable at 33 days. This means that additional supply is being absorbed, but not fast enough to prevent accumulation.
Norfolk County’s supply was 1.8 months, up from 1.6 months a year ago, but still significantly lower than the national supply of 3.7 months. That level remains firmly in seller’s market territory. Increasing inventories gradually gave buyers more room to negotiate, explaining some of the price decline without tipping the balance decisively in their favor.
Even as the starter segment weakens, the top tier retains its value
Median price tier (YoY) Sold (YoY) DOM (YoY) Listing rate (YoY) Luxury (top 5%) $2,854,637 (+3.9%) 117 (-7.9%) 24 days (0 days) 27.4% (-7.3 ppt) High price (65th – 95%) $1,233,475 (+5.2%) 423 (+1.7%) 19 days (+3 days) 57.7% (-5.5 ppt) Non-luxury (35-65%) $746,996 (+2.5%) 404 (-9.0%) 20 days (+2 days) 61.1% (-1.7 ppt) Starter (5-35th%) $515,384 (+0.9%) 418 (-2.1%) 22 days (+2 days) 53.3% (-6.6 ppt) Bottom (bottom 5%) $300,904 (-1.6%) 52 (-10.3%) 28 days (+7 days) 26.9% (-16.2 ppt)
Redfin Analysis of MLS Data – Rolling 3-Month Period (March-May 2026)
Top tiers led all segments, up 5% year-over-year, with approximately 58% of homes sold topping the list. Luxury real estate (median price $2.85 million) rose 4%, but activity on listings retreated significantly, falling 7 percentage points, as buyers gained some influence at the top of the market. Sales volumes in the luxury sector fell 8%, suggesting the most expensive buyers held back amid economic uncertainty.
At the bottom, prices fell by 2% and sales volumes fell by 10%. Homes in this tier sat for 28 days, sold nine days more than the top tier, and sold for just a quarter over asking price. The above interest rates fell 16 percentage points year over year, the steepest decline of any tier. Starter home valuations were down less than 1%, sales were down 2% and listing and above activity slipped 7 points. Top-tier buyers continued to face competition. Conditions turned out to be significantly softer for those shopping in the lower price range.
How buyers and sellers can navigate the Norfolk County market
When buying in Norfolk County, the roughly 3% price decline from last year gives you leverage that didn’t exist 12 months ago, even in a market where most homes still sell for above asking price. Inventories are at multi-year highs and competition has eased significantly in the starter and bottom segments. Lock in financing before touring and focus your search on properties that have been listed for three weeks or more. Those sellers may have adjusted their expectations. In the upper and mid-tiers, expect competition, but know that price is no longer running away from you.
When selling, sellers who priced their homes below recent comparable properties received the most interest. The average home sold for 102% of list price, with less than 16% requiring a price reduction. This is proof that thoughtful initial pricing still led to bidding wars. Pricing too high carries greater risk than it did a year ago. Buyers have more options and overlisting activity has plateaued, with about 965 new listings hitting the market this month alone.
Norfolk County, Massachusetts Market Data by City
Rolling three-month period (April to June 2026). Displays cities with 50 or more sales.
New sales listings for the city’s median sales price (year-over-year). Percentage of active DOM above supply Quincy $668,636 (-1.7% YoY) 188 335 452 21 53.4% 2.7 Brookline $1,279,304 (-12.9% YoY) 187 303 453 21 39.4% 3.6 Weymouth Town $639,652 (+0.7% compared to previous year) 146 237 299 21 58.9% 1.9 Wellesley $2,198,803 (+4.7% compared to previous year) 111 147 206 16 44.5% 2.0 Needham $1,715,566 (+6.4% compared to previous year) 100 143 204 19 48.1% 2.2 Braintree $712,112 (+6.5% YoY) 92 150 181 20 54.6% 2.2 Franklin $705,616 (+6.1% YoY) 83 132 164 19 73.0% 1.7 Stoughton $509,723 (-8.2% YoY) 76 105 142 21 73.1% 1.7 Dedham $765,583 (+3.5% YoY) 75 133 169 20 64.5% 2.3 Canton $728,604 (-7.1% YoY) 74 144 189 23 55.7% 2.6 Randolph $579,685 (-0.1% YoY) 69 113 144 21 58.3% 2.3 Milton $1,044,432 (+4.4% YoY) 66 109 143 20 65.8% 2.4 Norwood $772,080 (+2.9% YoY) 53 89 110 20 73.2% 1.8 Medfield $1,099,402 (+3.7% YoY) 52 62 80 19 66.8% 0.8
This article was created in whole or in part using generative artificial intelligence (AI) technology with input from Chen Zhao, Head of Economic Research at Redfin. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and quotes contained in this article before relying on the information for any purpose. This information is not intended to substitute for advice from a real estate agent, financial advisor, or other qualified professional. County-level data are not seasonally adjusted. For more detailed housing market data, check out the Redfin Data Center.
