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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hopedale is a 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

+$41,250(+8.4%)

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

# BEDSNov 2022Nov 2023CHANGE
1 --
N/A
2 $347.5K$400K
+15.1%
3 $440K$430K
-2.3%
4 $650K$611.5K
-5.9%
5+ $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
+12.1%
Hopedale
+8.4%
Mendon
+7.7%
Upton
+6.1%
Milford
+3.5%

Housing Supply in Hopedale, MA

How many homes are available in Hopedale, MA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
1718+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

# BEDSOct 2023Nov 2023CHANGE
1 00
0.0%
2 58
+60.0%
3 55
0.0%
4 64
-33.3%
5+ 11
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 2023Nov 2023CHANGE
46+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

Asking vs Sold - buyer

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 2022Nov 2023CHANGE
16 Days37 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

Breakdown of Home Sale Times

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.

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

Report Updated 2 Days Ago

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