What is the average home price in Norwell, MA 02061?

As of May '26, the median home price in Norwell, MA 02061 is $1,081,000, based on Zillow home estimates.

How have home prices in Norwell, MA 02061 changed over the past year?

As of May '26, home prices have increased 5.9% over the past year, according to Zillow home estimates data.

What is the home price projection for Norwell, MA 02061?

As of May '26, Zillow projects home prices in Norwell, MA 02061 to increase 1.6% in the next year.

What are the demographics of Norwell, MA 02061?

According to the latest Census, the demographics of Norwell, MA 02061 are 89.9% White, 0.6% Black, 3.1% Asian, 3.3% Hispanic. The population is 11,300, with 28.8% under 18 years old.

How long does it take homes to sell in Norwell, MA 02061?

According to Realtor.com, as of May '26, the median home in Norwell, MA 02061 is on the market for 31 days. This is an increase of 663.0% from last year.

What is the average rent price in Norwell, MA 02061?

The average rent price in Norwell, MA 02061, as of the latest data, is $3,330. The average rent for 1 bedroom homes is $2,300. For 2, 3, and 4 bedroom homes, the average rent is $3,950, $4,580, and N/A respectively.

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Norwell, MA—02061

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$1,081,000

5.9% YoY Growth

Household Income

$183,000

20.7% YoY Growth

Days on Market

663.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$2,700

8.8% YoY Growth

1-Bed Rent

$2,200

54.0% YoY Growth

2-Bed Rent

$3,950

N/A

3-Bed Rent

$4,200

43.1% YoY Growth

Home Price Trends — Norwell, MA

As of May '26, the median home price in Norwell, MA is $1,081,000, with a year-over-year change of 5.9%. This indicates that home prices in Norwell, MA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$1,081,000	5.9%
Single Family	$1,105,000	6.2%
Condos	$852,000	7.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,800,000	68.0%
Listing Count	55	110.0%
Listings as % of Homes	0.4%	110.0%
Days on Market	31	663.0%

Metric	Latest Census	YoY % Change
Population	11,300	2.9%
% Under 18	28.8%	2.1%
% Seniors	15.4%	-10.5%
% WFH	23.6%	274.6%
% w/ College Degree	65.3%	-2.2%

Metric	Zip Code Average
Total Loan Originations	270
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

Total Units under HUD	15
Total Units Section 8	15
% Rentals under Section 8	3.5%
% Occupied Section 8	96.0%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$240	$2,200	$2,440
2 Bedroom	-$1,060	$3,950	$2,890
3 Bedroom	-$720	$4,200	$3,480
4 Bedroom	N/A	N/A	$3,830

Norwell, MA—02061

Key Metrics at a Glance

Home Price Trends — Norwell, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Norwell, MA

% of Rental Stock

Property Listings — Norwell, MA

Demographics — Norwell, MA

Race and Ethnicity

Mortgage and Risk — Norwell, MA

Mortgages

Rentals and Section 8 — Norwell, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Norwell, MA

Home Price to Income Ratio

Norwell, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Hanover, MA

Scituate, MA

Cohasset, MA

Hingham, MA

Pembroke, MA

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$2,700	$3,330
Studio Rent	N/A	N/A
1 Bed Rent	$2,200	$2,300
2 Bed Rent	$3,950	$3,950
3 Bed Rent	$4,200	$4,580
4 Bed Rent	N/A	N/A

Metric	Latest Census	5-Year % Change
% White	89.9%	-5.4%
% Black	0.6%	50.0%
% Hispanic	3.3%	153.8%
% Asian	3.1%	106.7%
% Foreign Born	4.7%	30.6%

Metric	Zip Code Average
Home Price to Income Ratio	4.7
Median Home Price	$1,081,000
Median Household Income	$183,000