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 May 2021

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.

How much do homes in Hopedale, MA cost?

Median Sold Price

$408,949

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$64,949(+18.9%)

Key Takeaway

Homes in Hopedale have sold for 18.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 --
N/A
2 $315K$337K
+7.0%
3 $332K$400K
+20.5%
4 $428.2K$527.5K
+23.2%
5+ $517K$550K
+6.4%

Median Sold Price Compared To Nearby Cities

Mendon
+20.2%
Hopedale
+18.9%
Upton
+18.5%
Milford
+15.0%
Bellingham
+10.5%

How many homes are available in Hopedale, MA?

Number of Homes For Sale

Apr 2022May 2022%
2529+16.0%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 64
-33.3%
3 1113
+18.2%
4 610
+66.7%
5+ 22
0.0%

Number of Homes Sold

Apr 2022May 2022%
57+40.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

Average Sale Time

May 2021May 2022%
17 Days18 Days+8.8%

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hopedale are selling fast, if you're buying plan to act quickly.

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

About Hopedale, MA

Homes for sale in Hopedale, MA have reached 29. The number of listings in Hopedale, MA increased by 16% between April 2022 and May 2022. Listings spent 18 days on the market in May 2022, and had a median list price of $408,949 during the same period. This housing market listing prices have changed between April 2022 and May 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 7%, prices of 3 bedrooms properties went up by 20.5%, prices of 4 bedrooms properties increased by 23.2%, 5 bedrooms properties became 6.4% more expensive. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 33.3% less available, volume of 3 bedrooms homes went up by 18.2%, volume of 4 bedrooms homes went up by 66.7%, volume of 5 bedrooms homes stayed the same. In May 2022, from all listings sold in Hopedale, MA there were more than 7 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price.

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