$4,987 Closing Credit*
$419,999
2,088 SqFt
2 Beds
•1 Full Bath, 1 Partial
#73285591, Brooke Funari, Listing Office: ERA Key Realty Services
Is Hopedale, 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, 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
$491,500
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$18,500(-3.6%)
Key Takeaway
Homes in Hopedale have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Hopedale was $491,500 in August 2024, down 3.6% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $400K | $398K | -0.5% |
| 3 Bedrooms | $430.5K | $500K | +16.1% |
| 4 Bedrooms | $603K | $650K | +7.8% |
| 5+ Bedrooms | $722K | $580.7K | -19.6% |
Summary: Hopedale housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 19.6%.
Median Sold Price Compared To Nearby Cities
| Mendon | $668K | $750K | +12.3% |
| Milford | $483.6K | $520K | +7.5% |
| Bellingham | $464.5K | $490K | +5.5% |
| Upton | $654.8K | $652K | -0.4% |
| Hopedale | $510K | $491.5K | -3.6% |
Housing Supply in Hopedale, MA
How many homes are available in Hopedale, MA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Hopedale real estate market had 15 homes for sale in August 2024, a 6.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Hopedale housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopedale, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Hopedale in August 2024, up by 133.3% month-over-month. Of the 7 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 23 Days | 17 Days | -26.5% |
Summary: Homes in Hopedale had an average of 17 days on market in Aug 2024, down by 26.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hopedale are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 7 homes were sold in Hopedale; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
