$10,000 Closing Credit*
$1,349,000
1,645 SqFt
2 Beds
•2 Full Baths, 1 Partial
#73290675, The Charles King Group, Listing Office: Real Broker MA, LLC
Is Hingham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Hingham has remained a Seller's Market.
Key Takeaway
Hingham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hingham, MA
How much do homes in Hingham, MA cost?
Median Sold Price
$1,200,000
$504/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$90,000(+8.1%)
Key Takeaway
Homes in Hingham have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Hingham was $1,200,000 in August 2024, up 8.1% from last year, and the median price per square foot was $504.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $531.6K | $399K | -25.0% |
| 2 Bedrooms | $650K | $580K | -10.8% |
| 3 Bedrooms | $1.0M | $1.0M | +5.3% |
| 4 Bedrooms | $1.4M | $1.3M | -3.8% |
| 5+ Bedrooms | $1.8M | $2.4M | +34.2% |
Summary: Hingham housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 34.2%.
Median Sold Price Compared To Nearby Cities
| Hull | $535K | $637.5K | +19.2% |
| East Weymouth | $512.5K | $575K | +12.2% |
| Hingham | $1.1M | $1.2M | +8.1% |
| Cohasset | $1.3M | $1.3M | +5.4% |
| North Weymouth | $550K | $522.5K | -5.0% |
Housing Supply in Hingham, MA
How many homes are available in Hingham, MA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 112 | 97 | -13.4% |
Summary: The Hingham real estate market had 97 homes for sale in August 2024, a 13.4% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 19 | 22 | +15.8% |
| 3 Bedrooms | 34 | 26 | -23.5% |
| 4 Bedrooms | 32 | 28 | -12.5% |
| 5+ Bedrooms | 25 | 20 | -20.0% |
Summary: The Hingham housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 29 | 22 | -24.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hingham, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Hingham in August 2024, down by 24.1% month-over-month. Of the 22 sold homes, 55% were sold under asking, 14% were sold at asking, and 32% were sold over asking.
Days on Market for Hingham, MA
How long does it take to sell a home in Hingham, MA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 25 Days | 46 Days | +82.0% |
Summary: Homes in Hingham had an average of 46 days on market in Aug 2024, up by 82% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hingham are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 22 homes were sold in Hingham; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
