Is Hopkinton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$884,000
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hopkinton have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Hopkinton was $884,000 in May 2024, up 7.3% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $540K | $420K | -22.2% |
| 2 Bedrooms | $699K | $754K | +7.9% |
| 3 Bedrooms | $676K | $650K | -3.9% |
| 4 Bedrooms | $1.1M | $1.2M | +11.8% |
| 5+ Bedrooms | $1.5M | $1.7M | +13.2% |
Summary: Hopkinton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 7.9%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Cities
| Hopkinton | $823.5K | $884K | +7.3% |
| Ashland | $576K | $610K | +5.9% |
| Southborough | $910K | $950K | +4.4% |
| Upton | $652.7K | $652K | -0.1% |
| Westborough | $660K | $652.5K | -1.1% |
Housing Supply in Hopkinton, MA
How many homes are available in Hopkinton, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 71 | -4.1% |
Summary: The Hopkinton real estate market had 71 homes for sale in May 2024, a 4.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 17 | -22.7% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 33 | 36 | +9.1% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Hopkinton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 24 | +84.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopkinton, you could pay more than the asking price. 79.2% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Hopkinton in May 2024, up by 84.6% month-over-month. Of the 24 sold homes, 17% were sold under asking, 4% were sold at asking, and 79% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 16 Days | -45.1% |
Summary: Homes in Hopkinton had an average of 16 days on market in May 2024, down by 45.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 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 May 2024, 24 homes were sold in Hopkinton; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
