Norwell, MA


Highest Appreciating Norwell Neighborhoods Since 2000

Norwell, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Norwell Housing Market Information

With 10,984 people, 3,638 houses or apartments, and a median cost of homes of $564,895, Norwell house prices are not only among the most expensive in Massachusetts, Norwell real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Norwell, accounting for 92.25% of the town's housing units. Other types of housing that are prevalent in Norwell include large apartment complexes or high rise apartments ( 3.15%), duplexes, homes converted to apartments or other small apartment buildings ( 1.98%), and a few mobile homes or trailers ( 1.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Norwell. Owner-occupied housing accounts for 90.12% of Norwell's homes, and 75.38% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Norwell's housing was primarily built during this period, from the '40s through the '60s. A full 42.18% of the town's housing hails from this era. Other housing ages represented in Norwell include homes built between 1970-1999 ( 33.20%) and housing constructed before 1939 ( 14.92%). There's also some housing in Norwell built between 2000 and later ( 9.70%).

Norwell Home Appreciation Rates

Appreciation rates for homes in Norwell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.19%, which ranks in the top 40% nationwide. This equates to an annual average Norwell house appreciation rate of 0.51%.

NeighborhoodScout's data show that during the latest twelve months, Norwell's appreciation rate, at 4.22%, has been at or slightly above the national average. In the latest quarter, Norwell's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

Relative to Massachusetts, our data show that Norwell's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts.

Average Home Values


Median Home Value:


Value Range
> $1,127,000 8.6
$845,001 - $1,127,000 13.1
$563,001 - $845,000 36.1
$451,001 - $563,000 21.0
$338,001 - $451,000 15.8
$225,001 - $338,000 1.0
$113,001 - $225,000 0.0
$56,001 - $113,000 1.1
$0 - $56,000 3.3

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
4.40056252197351 17.6282051282051

Number Of Homes And Apartments:

Norwell Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
51.71% 2.45% 6 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,223 / per month

Homeownership Rate

Owners 90.12
Renters 9.88
Vacant 2.75

Housing Market Details


Age of Homes

2000 or Newer 9.7
1970 - 1999 33.2
1940 - 1969 42.2
1939 or Older 14.9

Types of Homes

Single-Family 92.2
Townhomes 1.3
Small Apt. Buildings 2.0
Apt. Complexes 3.2
Mobile Homes 1.3
Other 0.0

Home Size

No Bedroom 0.56
1 Bedroom 5.59
2 Bedrooms 8.53
3 Bedrooms 42.77
4 Bedrooms 32.61
5 or more bedrooms 9.94

Popular Neighborhoods in Norwell

Zip Codes in Norwell, MA