Is Hopedale, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hopedale was a Buyer'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
$494,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hopedale have sold for 8.5% less than they did a year ago.
Summary: The median home sold price in Hopedale was $494,000 in March 2024, down 8.5% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $355K | $400K | +12.7% |
| 3 Bedrooms | $510K | $480K | -5.9% |
| 4 Bedrooms | $637.5K | $660.5K | +3.6% |
| 5+ Bedrooms | $850K | $573.7K | -32.5% |
Summary: Hopedale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 32.5%.
Median Sold Price Compared To Nearby Cities
| Bellingham | $435K | $479.5K | +10.2% |
| Milford | $475K | $520K | +9.5% |
| Upton | $641.2K | $661.3K | +3.1% |
| Hopedale | $540K | $494K | -8.5% |
Housing Supply in Hopedale, MA
How many homes are available in Hopedale, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Hopedale real estate market had 18 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Hopedale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopedale, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Hopedale in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 46 Days | +212.2% |
Summary: Homes in Hopedale had an average of 46 days on market in Mar 2024, up by 212.2% 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 March 2024, 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.
