Is Hopkinton, RI 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.
Key Takeaway
Hopkinton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hopkinton, RI
How much do homes in Hopkinton, RI cost?
Median Sold Price
$435,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hopkinton have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Hopkinton was $435,000 in March 2024, up 10.4% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.7K | $71.7K | -59.7% |
| 2 Bedrooms | $280K | $340.4K | +21.6% |
| 3 Bedrooms | $408K | $482.5K | +18.3% |
| 4 Bedrooms | $477.5K | $592.5K | +24.1% |
| 5+ Bedrooms | $516.7K | $387.5K | -25.0% |
Summary: Hopkinton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.7%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes decreased by 25%.
Median Sold Price Compared To Nearby Cities
| Hope Valley | $410K | $485K | +18.3% |
| Hopkinton | $394K | $435K | +10.4% |
| Ashaway | $392K | $400.5K | +2.2% |
| Richmond | $425K | $426.2K | 0.3% |
Housing Supply in Hopkinton, RI
How many homes are available in Hopkinton, RI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 31 | -6.1% |
Summary: The Hopkinton real estate market had 31 homes for sale in March 2024, a 6.1% decrease 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
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 decreased by 40%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopkinton, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Hopkinton in March 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Hopkinton, RI
How long does it take to sell a home in Hopkinton, RI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 16 Days | +74.5% |
Summary: Homes in Hopkinton had an average of 16 days on market in Mar 2024, up by 74.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hopkinton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Hopkinton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
