Is Hopedale, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$535,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Hopedale have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Hopedale was $535,000 in November 2023, up 8.4% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $347.5K | $400K | +15.1% |
| 3 Bedrooms | $440K | $430K | -2.3% |
| 4 Bedrooms | $650K | $611.5K | -5.9% |
| 5+ Bedrooms | $705K | $585K | -17.0% |
Summary: Hopedale housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.1%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 17%.
Median Sold Price Compared To Nearby Cities
| Bellingham | $427.2K | $479K | +12.1% |
| Hopedale | $493.7K | $535K | +8.4% |
| Mendon | $650K | $700K | +7.7% |
| Upton | $626.6K | $665K | +6.1% |
| Milford | $475K | $491.5K | +3.5% |
Housing Supply in Hopedale, MA
How many homes are available in Hopedale, MA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The Hopedale real estate market had 18 homes for sale in November 2023, a 5.9% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hopedale housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopedale, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hopedale in November 2023, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 16 Days | 37 Days | +123.0% |
Summary: Homes in Hopedale had an average of 37 days on market in Nov 2023, up by 123% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hopedale are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 6 homes were sold in Hopedale; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
