02056 — Norfolk County, Massachusetts Market Snapshot
Housing market data for zip code 02056 in Norfolk County, Massachusetts. Updated monthly with median prices, days on market, and more.
Market Sales Data
18 sales in 2026 (year to date)
Median Sale Price
$956,521
Days to Sell
44
Homes Sold
18
Inventory
32
Sale-to-List
102.6%
New Listings
59
Price/SqFt
$364
Pending Sales
43
Conforming Loan Available
The median home in 02056 at $956,521 falls within the 2026 conforming loan limit of $962,550, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
02056's market is balanced with homes taking an average of 44 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes in 02056 are selling 2.6% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
The median home in 02056 at $956,521 falls within the 2026 conforming loan limit of $962,550, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 02056 are set at the county level.
2026 Loan Limits — Norfolk County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $962,550 | $962,550 |
| 2 Units | $1,232,250 | $1,232,250 |
| 3 Units | $1,489,500 | $1,489,500 |
| 4 Units | $1,851,100 | $1,851,100 |
Affordability Snapshot — Zip 02056
To purchase the median home at $956,521 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $7,479.
Monthly Payment
$7,479
Income Required
$320,510
Principal & Interest
$5,894/mo
Down Payment (5%)
$47,826
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 02056.
Estimated Monthly Payment
$6,070
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