Is Hopkinton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hopkinton has remained a Seller's Market.
Housing Prices in Hopkinton, MA
How much do homes in Hopkinton, MA cost?
Median Sold Price
$878,166
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hopkinton was $878,166 in March 2024, up 7.8% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $540K | $420K | -22.2% |
2 Bedrooms | $699K | $765K | +9.4% |
3 Bedrooms | $676K | $652.2K | -3.5% |
4 Bedrooms | $1.1M | $1.2M | +9.1% |
5+ Bedrooms | $1.6M | $1.7M | +4.3% |
Summary: Hopkinton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Hopkinton | $815K | $878.1K | +7.8% |
Ashland | $581.6K | $609K | +4.7% |
Upton | $641.2K | $661.3K | +3.1% |
Southborough | $912.5K | $930K | +1.9% |
Westborough | $660K | $655K | -0.8% |
Housing Supply in Hopkinton, MA
How many homes are available in Hopkinton, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 48 | +37.1% |
Summary: The Hopkinton real estate market had 48 homes for sale in March 2024, a 37.1% 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 | 11 | 14 | +27.3% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 11 | 19 | +72.7% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Hopkinton 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 increased by 27.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 72.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Hopkinton in March 2024, up by 75.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
95 Days | 14 Days | -84.7% |
Summary: Homes in Hopkinton had an average of 14 days on market in Mar 2024, down by 84.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Hopkinton; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.