Key Takeaways
- Norfolk County home prices dropped 3% year over year in June, diverging sharply from the national pace of growth—yet more than half of homes still sold above asking price.
- The median sale price fell to $782,792, a correction from the record highs reached in mid-2025, while the national median rose 2% to $408,776.
- Inventory surged 13% year over year and new listings jumped 17%, giving buyers more options than they have had in years.
Norfolk County, MA Housing Market Snapshot
| Median Sale Price | Pending Sales | Active Listings | Days on Market | Sold Above 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 fierce bidding wars, Norfolk County’s median sale price actually declined about 3% from a year ago, falling to $782,792 after peaking above $800,000 in mid-2025. The paradox defined the market’s June personality: the typical home still sold for 2% above its list price and closed in just 20 days, yet the overall price level retreated. A flood of new inventory gave buyers breathing room on selection without dampening their willingness to compete on individual properties.
Below is a breakdown of Norfolk County, MA housing data for June 2026, along with guidance for buyers and sellers heading into late summer.
U.S. Housing Market Snapshot
| Median Sale Price | Pending Sales | Active Listings | Days on Market | Buyer-Seller Balance |
|---|---|---|---|---|
| $408,776 (+2.2% YoY) | 349,254 (+4.5% YoY) | 1,496,490 (+0.8% YoY) | 49 days (+1 day YoY) | Sellers outnumber buyers by 48.5% |
Norfolk County occupied a strange middle ground in the national picture. U.S. housing metrics pointed to gradual improvement—prices up 2%, pending sales up roughly 5%, and inventory holding steady. Norfolk County defied that trajectory in both directions: prices fell about 3% while the nation gained ground, yet inventory expanded more than 16 times faster here than the national rate and new listings surged at a pace rarely seen locally. The pullback looked more like a normalization from pandemic-era peaks than a collapse in underlying demand.
“June marked a bump in the road for the ongoing housing market recovery,” said Chen Zhao, Redfin’s head of economics research. “Prices climbed faster than in recent months, and economic uncertainty and rising mortgage rates tied to war in Iran spooked some homebuyers and sellers. On a positive note, home sales trended upwards, and affordability improved as wages rose faster than prices. There are pockets of competition in the Midwest, Northeast, and Bay Area, but in general, consumers are still struggling through a difficult period. Even so, economists still expect the market to slowly improve in the coming years.”
Norfolk County Prices Declined From Pandemic Highs
Despite more than half of homes attracting bids above asking, Norfolk County’s median sale price slipped about 3% from last June to roughly $783,000. Nationally, prices rose 2% to $408,776. Norfolk County remains nearly twice as expensive as the U.S. median, but the gap narrowed for the first time in over a year. Prices peaked locally at $804,250 in June 2025 and have since pulled back roughly $21,000.
The median price per square foot slipped just 0.2% year over year to $441, suggesting the decline was partly driven by a shift in the mix of homes sold rather than a broad collapse in values. Price reductions remained relatively contained at 15% of active listings, down 4 percentage points from a year ago. The typical home sold for 102% of its list price, down marginally from 102.3% a year earlier.
Buyers Competed Hard Despite the Price Dip
Even as prices retreated, Norfolk County buyers showed no hesitation—pending sales rose 7% year over year to 877, and about 56% of listings went under contract within two weeks. That two-week rate dipped roughly 3 percentage points from a year ago but still dwarfed the national figure of approximately 31% (seasonally adjusted). Homes sold in a median of 20 days, just one day slower than June 2025 and less than half the national median of 49. The price correction did not dampen urgency; it merely shifted the playing field.
Closed sales came in at 792, essentially flat year over year (down less than 1%), while the national pace accelerated about 5%. The divergence reflected Norfolk County’s supply-side expansion rather than weakening demand: buyers had more listings to consider, spreading transactions across a larger pool without reducing their individual competitiveness. Nationally, pending sales grew roughly 5%; Norfolk County outpaced that at 7%, suggesting local demand momentum remained stronger than the country as a whole.
Inventory Expanded at the Fastest Pace in Years
Choices expanded significantly for Norfolk County buyers in June. Active inventory reached 2,405, the highest June level since 2020, after jumping about 13% year over year, while nationally the count barely moved (+0.8%). New listings surged 17% to 965, the strongest injection of fresh supply in over two years. The age of active inventory held steady at 33 days, meaning the additional supply was being absorbed but not fast enough to prevent accumulation.
Norfolk County had 1.8 months of supply, up from 1.6 a year ago but still well below the national figure of 3.7. That level remained firmly in seller’s-market territory. The rising inventory offered buyers incrementally more negotiating room, explaining part of the price decline, without tipping the balance decisively in their favor.
Upper Tiers Held Value While the Starter Segment Weakened
| Price Tier | Median Price (YoY) | Sold (YoY) | DOM (YoY) | % Above List (YoY) |
|---|---|---|---|---|
| Luxury (top 5%) | $2,854,637 (+3.9%) | 117 (-7.9%) | 24 days (0 days) | 27.4% (-7.3 ppt) |
| High (65th-95th%) | $1,233,475 (+5.2%) | 423 (+1.7%) | 19 days (+3 days) | 57.7% (-5.5 ppt) |
| Non-luxury (35th-65th%) | $746,996 (+2.5%) | 404 (-9.0%) | 20 days (+2 days) | 61.1% (-1.7 ppt) |
| Starter (5th-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 three-month period (March-May 2026)
The high tier led all segments, up 5% year over year, and nearly 58% of those homes sold above list. Luxury properties ($2.85M median) rose 4% but saw a meaningful retreat in above-list activity, falling 7 percentage points as buyers gained some leverage at the top of the market. Sales volume in the luxury segment dropped 8%, suggesting that the most expensive buyers paused amid economic uncertainty.
At the bottom, prices fell 2% and sales volume dropped 10%. Homes in that bracket sat for 28 days-9 more than the high tier, and barely a quarter sold above asking. The above-list rate plunged 16 percentage points year over year, the steepest decline of any tier. Starter homes appreciated less than 1%, with sales down 2% and above-list activity retreating 7 percentage points. Buyers in the upper brackets continued to face competition; those shopping at lower price points found markedly softer conditions.
How Buyers and Sellers Can Navigate Norfolk County’s Market
If you’re 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 above asking. Inventory is at a multi-year high, and the starter and bottom segments show meaningfully softer competition. Get financing locked before touring, and concentrate your search on properties that have been listed more than three weeks; those sellers have likely adjusted their expectations. In the high and mid tiers, expect to compete, but know that prices are no longer running away from you.
If you’re selling, sellers who positioned their homes below recent comparables generated the most interest. The average home sold for 102% of list price, and fewer than 16% of listings needed a price cut, evidence that thoughtful initial pricing still triggered bidding wars. Overpricing carries more risk than it did a year ago: buyers have more alternatives, above-list activity has plateaued, and roughly 965 new listings hit the market this month alone.
Norfolk County, MA Market Data by City
Rolling three-month period (April-June 2026). Cities with 50+ sales shown.
| City | Median Sale Price (YoY) | Sold | New List. | 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% YoY) | 146 | 237 | 299 | 21 | 58.9% | 1.9 |
| Wellesley | $2,198,803 (+4.7% YoY) | 111 | 147 | 206 | 16 | 44.5% | 2.0 |
| Needham | $1,715,566 (+6.4% YoY) | 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 has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. County-level data is not seasonally adjusted. Check the Redfin Data Center for additional in-depth housing market data.
