Is Hopedale, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$495,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hopedale have sold for 8.3% less than they did a year ago.
Summary: The median home sold price in Hopedale was $495,000 in April 2024, down 8.3% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $352.5K | $385K | +9.2% |
| 3 Bedrooms | $502.5K | $490K | -2.5% |
| 4 Bedrooms | $625K | $685K | +9.6% |
| 5+ Bedrooms | $850K | $573.7K | -32.5% |
Summary: Hopedale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 32.5%.
Median Sold Price Compared To Nearby Cities
| Bellingham | $436K | $482.5K | +10.7% |
| Mendon | $650K | $714K | +9.8% |
| Milford | $475K | $516.6K | +8.8% |
| Upton | $649.5K | $659.9K | +1.6% |
| Hopedale | $540K | $495K | -8.3% |
Housing Supply in Hopedale, MA
How many homes are available in Hopedale, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Summary: The Hopedale real estate market had 19 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Hopedale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopedale, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Hopedale in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 34 Days | +185.3% |
Summary: Homes in Hopedale had an average of 34 days on market in Apr 2024, up by 185.3% compared to last year.
Breakdown of Home Sale Times
4 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 April 2024, 7 homes were sold in Hopedale; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
