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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hopkinton is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Hopkinton has remained a Seller's Market.

Key Takeaway

Hopkinton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hopkinton, MA

How much do homes in Hopkinton, MA cost?

Median Sold Price

$942,000

$350/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$123,666(+15.1%)

Key Takeaway

Homes in Hopkinton have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in Hopkinton was $942,000 in September 2024, up 15.1% from last year, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $480K-
N/A
2 $724K$750K
+3.6%
3 $692.5K$652.4K
-5.8%
4 $1.1M$1.2M
+5.0%
5+ $1.3M$1.7M
+25.4%

Summary: Hopkinton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 25.4%.

Median Sold Price Compared To Nearby Cities

Hopkinton
+15.1%
Ashland
+7.3%
Southborough
+5.4%
Upton
-1.2%
Westborough
-3.1%

Housing Supply in Hopkinton, MA

How many homes are available in Hopkinton, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5965+10.2%

Summary: The Hopkinton real estate market had 65 homes for sale in September 2024, a 10.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 1324
+84.6%
3 128
-33.3%
4 2822
-21.4%
5+ 610
+66.7%

Summary: The Hopkinton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 84.6%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1915-21.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hopkinton, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Hopkinton in September 2024, down by 21.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 7% were sold at asking, and 60% were sold over asking.

Days on Market for Hopkinton, MA

How long does it take to sell a home in Hopkinton, MA?

Average Sale Time

Sep 2023Sep 2024CHANGE
32 Days22 Days-30.3%

Summary: Homes in Hopkinton had an average of 22 days on market in Sep 2024, down by 30.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 15 homes were sold in Hopkinton; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

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