Norfolk, Ontario Real Estate Market Report
Norfolk, Ontario, Canada · Market data as of
Buyer's MarketNorfolk is currently a buyer’s market with 7.1 months of inventory and a 12-month median sale price of $600K. Higher inventory gives buyers more options and room to negotiate.
Price Trajectory
How Norfolk's median sold price is moving — year-over-year, by property type, and most recently.
Recent sales are pricing below the trailing-year benchmark — the market is cooling.
| Property Type | Median | YoY |
|---|---|---|
| Freehold | $600K | — |
| Condo | $460K | — |
Sold residential · trailing 12 months · aggregated MLS data. Property types with fewer than 10 sales are omitted.
Most market reports are old by the time you read them. Boards publish monthly, usually two weeks after the month closes. Every figure on this page is calculated daily from live MLS data, so you're seeing today's market, not last month's summary.
Based on 457 sales and 333active listings · Data refreshes every morning
BWhat This Means for Buyers
With 7.1 months of inventory, buyers have more options and negotiating power in Norfolk.
There are 333 active listings to choose from, giving you time to find the right fit.
Prices have been trending down, which may create opportunities for patient buyers.
SWhat This Means for Sellers
Higher inventory means sellers need to work harder to stand out in Norfolk.
Homes are selling at 96% of list price, so pricing accurately from day one is critical.
457 homes sold in the past 12 months. Presentation and pricing strategy matter more in this environment.
Filters apply to statistics and charts below. Other sections show all property types.
Prices have been trending downward over the past 12 months. Here's how that breaks down across price ranges and time.
How fast are homes selling?
Average days on market over time. Lower numbers mean homes are selling faster.
| Period | Avg Days on Market |
|---|---|
| 2025-07 | 36 days |
| 2025-08 | 71 days |
| 2025-09 | 57 days |
| 2025-10 | 57 days |
| 2025-11 | 71 days |
| 2025-12 | 96 days |
| 2026-01 | 68 days |
| 2026-02 | 60 days |
| 2026-03 | 60 days |
| 2026-04 | 62 days |
| 2026-05 | 50 days |
| 2026-06 | 60 days |
| 2026-07 | 48 days |
How does this month compare?
Month-over-month and year-over-year changes in key metrics.
| Metric | Current | Last Month | MoM | Same Month Last Year | YoY |
|---|---|---|---|---|---|
| Median Price | $534K | $610K | -12.5% | $590K | -9.5% |
| Sales Count | 24 | 68 | -64.7% | 19 | +26.3% |
| Avg DOM | 48 | 60 | -20% | 36 | +33.3% |
What's selling?
Breakdown of sales by property type over the past 12 months.
| Property Type | Count | Share |
|---|---|---|
| Residential Freehold | 307 | 92% |
| Residential Condo & Other | 24 | 7% |
| Single Family | 2 | 1% |
The monthly stats tell one story. The daily trajectory tells another — here's how inventory is moving day by day.
Daily Market Trajectory
Updated dailyMost market reports use 30-day rolling averages. By the time you see a shift, it already happened weeks ago. This chart tracks inventory daily so you can spot trajectory changes as they happen.
Last 30 days · updated daily
Speed and competitiveness are two sides of the same coin. Here's how aggressively homes are trading.
How competitive is this market?
Absorption rate and sale-to-list price ratio show how aggressively homes are trading.
Last 30 days · updated daily
Just Listed
Just Sold
Communities & Neighbourhoods in Norfolk
Detailed market data for 2 areas within Norfolk.
Want a Detailed Analysis?
Contact Jeff Chisholm for a personalized market analysis of Norfolk and surrounding areas.
Jeff Chisholm, Sales Representative
Chisholm Real Estate Team
Direct Realty Ltd., Brokerage
Market Pulse Score
Driving factor: Absorption rate (0.1)
Frequently Asked Questions
What is the average home price in Norfolk, Ontario?
Is Norfolk a buyer's or seller's market?
How long do homes take to sell in Norfolk?
What is the months of inventory in Norfolk?
How much do homes sell above or below asking in Norfolk?
What are the real estate market trends in Norfolk, Ontario?
Current Mortgage Rates in Ontario
1 year fixed
2.50%
Bank of Canada Posted Rate
3 year fixed
5.19%
Bank of Canada Posted Rate
5 year fixed
6.09%
Bank of Canada Posted Rate
Prime (variable)
2.65%
Posted rates from Bank of Canada · Updated July 21, 2026
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How We Calculate These Statistics
Data source: Statistics are calculated from MLS listing data provided under license from the Canadian Real Estate Association (CREA) and participating real estate boards.
Months of Inventory (MOI):Active listings divided by the monthly sales rate for the selected period (1, 3, 6, or 12 months). Under 4 months generally indicates a seller's market; over 6 months indicates a buyer's market.
SP/LP Ratio: Sale Price to List Price ratio calculated as the median of (sale price / list price) across all sold properties with valid pricing data.
Home Price Index (HPI):CREA's aggregate composite benchmark index tracking price changes for a typical home, adjusted for property mix differences over time.
Update frequency: Data refreshes every 30 minutes via Incremental Static Regeneration (ISR). Daily snapshot metrics update once per day.
Coverage: Includes all residential property types listed on the MLS for Norfolk and surrounding areas.
Jeff Chisholm, Sales Representative
Chisholm Real Estate Team at Direct Realty Ltd., Brokerage
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Data provided by REintel. Statistics are aggregated from MLS data under license. Reproduction or redistribution of this data is prohibited without written consent. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association (CREA).
REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.