$8,657 Closing Credit*
$729,000
1,632 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73311157, Emmie Flaherty, Listing Office: Keller Williams Realty Colonial Partners
Is Hingham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$1,203,333
$507/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$117,500(+10.8%)
Key Takeaway
Homes in Hingham have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Hingham was $1,203,333 in October 2024, up 10.8% from last year, and the median price per square foot was $507.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $564.3K | $399K | -29.3% |
| 2 Bedrooms | $635K | $582.1K | -8.3% |
| 3 Bedrooms | $981K | $1.0M | +8.1% |
| 4 Bedrooms | $1.4M | $1.3M | -5.9% |
| 5+ Bedrooms | $2.1M | $2.3M | +8.7% |
Summary: Hingham housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.3%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Hull | $546K | $625K | +14.5% |
| Hingham | $1.0M | $1.2M | +10.8% |
| East Weymouth | $525K | $567.5K | +8.1% |
| North Weymouth | $530K | $562.5K | +6.1% |
| Cohasset | $1.3M | $1.3M | +0.9% |
Housing Supply in Hingham, MA
How many homes are available in Hingham, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 105 | +1.0% |
Summary: The Hingham real estate market had 105 homes for sale in October 2024, a 1.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 37 | 29 | -21.6% |
| 4 Bedrooms | 32 | 41 | +28.1% |
| 5+ Bedrooms | 21 | 20 | -4.8% |
Summary: The Hingham housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 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 20 homes were sold or pending in Hingham in October 2024, down by 13.0% month-over-month. Of the 20 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 36 Days | +7.4% |
Summary: Homes in Hingham had an average of 36 days on market in Oct 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 20 homes were sold in Hingham; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
