$4,501 Closing Credit*
$379,000
1,406 SqFt
3 Beds
•1 Full Bath
Listing Office: Coldwell Banker Coastal Homes
Is Hopkinton, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$445,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$30,000(+7.2%)
Key Takeaway
Homes in Hopkinton have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Hopkinton was $445,000 in August 2024, up 7.2% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65.5K | $71.7K | +9.5% |
| 2 Bedrooms | $330.5K | $335.9K | +1.6% |
| 3 Bedrooms | $425K | $453.5K | +6.7% |
| 4 Bedrooms | $510.9K | $636.5K | +24.6% |
| 5+ Bedrooms | $420K | $509.9K | +21.4% |
Summary: Hopkinton housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Cities
| Hope Valley | $435K | $480K | +10.3% |
| Hopkinton | $415K | $445K | +7.2% |
| Richmond | $425K | $430K | +1.2% |
Housing Supply in Hopkinton, RI
How many homes are available in Hopkinton, RI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Summary: The Hopkinton real estate market had 28 homes for sale in August 2024, a 12.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Hopkinton housing inventory by bedroom type for August 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 5.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopkinton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hopkinton in August 2024, down by 45.5% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 18 Days | 39 Days | +114.9% |
Summary: Homes in Hopkinton had an average of 39 days on market in Aug 2024, up by 114.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 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 August 2024, 6 homes were sold in Hopkinton; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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