Is Hingham, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hingham is a seller's market

Buyer's
Market

Difference Since March 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

$1,100,000

$516/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$85,000(-7.2%)

Key Takeaway

Homes in Hingham have sold for 7.2% less than they did a year ago.

Summary: The median home sold price in Hingham was $1,100,000 in March 2024, down 7.2% from last year, and the median price per square foot was $516.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $355K$594.6K
+67.5%
2 $609K$672.5K
+10.4%
3 $1.0M$1.0M
-7.0%
4 $1.4M$1.3M
-4.9%
5+ $2.1M$2.0M
-1.2%

Summary: Hingham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.5%, 2 bedroom homes increased by 10.4%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 1.2%.

Median Sold Price Compared To Nearby Cities

East Weymouth
+22.0%
Cohasset
+15.0%
Hull
+6.1%
North Weymouth
-1.0%
Hingham
-7.2%

Housing Supply in Hingham, MA

How many homes are available in Hingham, MA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6981+17.4%

Summary: The Hingham real estate market had 81 homes for sale in March 2024, a 17.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 33
0.0%
2 99
0.0%
3 2528
+12.0%
4 2431
+29.2%
5+ 810
+25.0%

Summary: The Hingham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1023+130.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hingham, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Hingham in March 2024, up by 130.0% month-over-month. Of the 23 sold homes, 48% were sold under asking, 13% were sold at asking, and 39% 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

Mar 2023Mar 2024CHANGE
46 Days45 Days-0.8%

Summary: Homes in Hingham had an average of 45 days on market in Mar 2024, down by 0.8% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hingham are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 23 homes were sold in Hingham; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Hingham, MA

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