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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hingham is a neutral's market

Buyer's
Market

Difference Since July 2021

At the same time last year, Hingham was a Seller's Market.

Key Takeaway

Hingham is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Hingham, MA cost?

Median Sold Price

$1,100,000

$479/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$134,166(+13.9%)

Key Takeaway

Homes in Hingham have sold for 13.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $556K$330.5K
-40.6%
2 $557.5K$537.5K
-3.6%
3 $844K$1.0M
+21.7%
4 $1.2M$1.3M
+9.5%
5+ $1.8M$2.2M
+19.9%

Median Sold Price Compared To Nearby Cities

Hingham
+13.9%
North Weymouth
+9.6%
Hull
+8.3%
East Weymouth
+6.0%
Cohasset
+1.9%

How many homes are available in Hingham, MA?

Number of Homes For Sale

Jun 2022Jul 2022%
120110-8.3%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 59
+80.0%
2 1515
0.0%
3 3635
-2.8%
4 4938
-22.4%
5+ 1513
-13.3%

Number of Homes Sold

Jun 2022Jul 2022%
3317-48.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hingham, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
23 Days24 Days+6.5%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Hingham, MA

There are 110 homes are for sale in Hingham, MA real estate market. The number of listings in Hingham, MA decreased by 8.3% between June 2022 and July 2022. The median list price of listings available in July 2022 was $1,100,000, while the average time on the real estate market was 24 days. Between June 2022 and July 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices decreased by 40.6%, prices of 2 bedrooms properties went down by 3.6%, 3 bedrooms properties became 21.7% more expensive, prices of 4 bedrooms properties went up by 9.5%, prices of 5 bedrooms properties went up by 19.9%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory increased by 80%, 2 bedrooms homes did not move, volume of 3 bedrooms homes went down by 2.8%, 4 bedrooms homes became 22.4% less available, number of 5 bedrooms homes decreased by 13.3%. While more than 11 listings in Hingham, MA in July 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 4 were sold below.

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