Is Hingham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$1,145,000
$499/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Hingham have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Hingham was $1,145,000 in June 2024, up 1.8% from last year, and the median price per square foot was $499.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $429.5K | $370K | -13.9% |
| 2 Bedrooms | $650K | $525K | -19.2% |
| 3 Bedrooms | $1.0M | $1.0M | +1.1% |
| 4 Bedrooms | $1.3M | $1.4M | +5.5% |
| 5+ Bedrooms | $1.8M | $2.4M | +33.1% |
Summary: Hingham housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 33.1%.
Median Sold Price Compared To Nearby Cities
| East Weymouth | $475K | $575K | +21.1% |
| Hull | $535K | $632.5K | +18.2% |
| Cohasset | $1.2M | $1.4M | +15.9% |
| Hingham | $1.1M | $1.1M | +1.8% |
| North Weymouth | $540K | $515K | -4.6% |
Housing Supply in Hingham, MA
How many homes are available in Hingham, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 118 | 119 | +0.8% |
Summary: The Hingham real estate market had 119 homes for sale in June 2024, a 0.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 31 | 34 | +9.7% |
| 4 Bedrooms | 43 | 44 | +2.3% |
| 5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The Hingham housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hingham, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Hingham in June 2024, up by 12.5% month-over-month. Of the 27 sold homes, 48% were sold under asking, 15% were sold at asking, and 37% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +2.7% |
Summary: Homes in Hingham had an average of 23 days on market in Jun 2024, up by 2.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 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 June 2024, 27 homes were sold in Hingham; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
