Is Hopedale, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hopedale has remained a Seller's Market.
Key Takeaway
Hopedale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hopedale, MA
How much do homes in Hopedale, MA cost?
Median Sold Price
$497,500
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hopedale have sold for 7% less than they did a year ago.
Summary: The median home sold price in Hopedale was $497,500 in May 2024, down 7% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $400K | $385K | -3.8% |
| 3 Bedrooms | $481.2K | $495K | +2.9% |
| 4 Bedrooms | $630.5K | $727.5K | +15.4% |
| 5+ Bedrooms | $850K | $573.7K | -32.5% |
Summary: Hopedale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 32.5%.
Median Sold Price Compared To Nearby Cities
| Bellingham | $441K | $489.9K | +11.1% |
| Mendon | $650K | $707K | +8.8% |
| Milford | $475.9K | $510K | +7.2% |
| Upton | $652.7K | $652K | -0.1% |
| Hopedale | $535K | $497.5K | -7.0% |
Housing Supply in Hopedale, MA
How many homes are available in Hopedale, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Summary: The Hopedale real estate market had 14 homes for sale in May 2024, a 30.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 1 | -83.3% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Hopedale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 83.3%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopedale, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Hopedale in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Hopedale, MA
How long does it take to sell a home in Hopedale, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 18 Days | -52.3% |
Summary: Homes in Hopedale had an average of 18 days on market in May 2024, down by 52.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hopedale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Hopedale; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
