Is Hingham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hingham has remained a Seller's Market.
Key Takeaway
Hingham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hingham, MA
How much do homes in Hingham, MA cost?
Median Sold Price
$1,175,000
$515/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hingham have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Hingham was $1,175,000 in April 2024, up 2.3% from last year, and the median price per square foot was $515.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $625K | +73.6% |
| 2 Bedrooms | $610K | $660K | +8.2% |
| 3 Bedrooms | $1.0M | $1.0M | -3.8% |
| 4 Bedrooms | $1.3M | $1.3M | +0.8% |
| 5+ Bedrooms | $2.1M | $2.2M | +4.8% |
Summary: Hingham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.6%, 2 bedroom homes increased by 8.2%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| East Weymouth | $445K | $560K | +25.8% |
| Cohasset | $1.2M | $1.3M | +13.7% |
| Hull | $537K | $600K | +11.7% |
| Hingham | $1.1M | $1.1M | +2.3% |
| North Weymouth | $530K | $512.5K | -3.3% |
Housing Supply in Hingham, MA
How many homes are available in Hingham, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 85 | 94 | +10.6% |
Summary: The Hingham real estate market had 94 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 26 | 22 | -15.4% |
| 4 Bedrooms | 33 | 35 | +6.1% |
| 5+ Bedrooms | 10 | 21 | +110.0% |
Summary: The Hingham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 110%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 18 | -30.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hingham, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Hingham in April 2024, down by 30.8% month-over-month. Of the 18 sold homes, 50% were sold under asking, 11% were sold at asking, and 39% were sold over asking.
Days on Market for Hingham, MA
How long does it take to sell a home in Hingham, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 39 Days | -36.9% |
Summary: Homes in Hingham had an average of 39 days on market in Apr 2024, down by 36.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hingham are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Hingham; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
