$10,000 Closing Credit*
$1,399,000
3,611 SqFt
4 Beds
•3 Full Baths
#73320326, Darleen Lannon, Listing Office: Coldwell Banker Realty - Hingham
Is Hingham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,212,500
$503/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$113,166(+10.3%)
Key Takeaway
Homes in Hingham have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Hingham was $1,212,500 in November 2024, up 10.3% from last year, and the median price per square foot was $503.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $531.6K | $399K | -25.0% |
| 2 Bedrooms | $650K | $594.8K | -8.5% |
| 3 Bedrooms | $998.2K | $1.0M | +5.9% |
| 4 Bedrooms | $1.4M | $1.3M | -5.8% |
| 5+ Bedrooms | $2.1M | $2.2M | +5.8% |
Summary: Hingham housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
| North Weymouth | $518.7K | $587.5K | +13.3% |
| Hull | $545K | $610K | +11.9% |
| Hingham | $1.0M | $1.2M | +10.3% |
| East Weymouth | $539.9K | $561.5K | +4.0% |
| Cohasset | $1.3M | $1.3M | +1.3% |
Housing Supply in Hingham, MA
How many homes are available in Hingham, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 77 | -19.8% |
Summary: The Hingham real estate market had 77 homes for sale in November 2024, a 19.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 28 | 25 | -10.7% |
| 4 Bedrooms | 36 | 25 | -30.6% |
| 5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The Hingham housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 30.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 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 November 2024, down by 25.0% month-over-month. Of the 18 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 42 Days | +4.9% |
Summary: Homes in Hingham had an average of 42 days on market in Nov 2024, up by 4.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hingham has remained consistent over time.
Summary: During November 2024, 18 homes were sold in Hingham; 44% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
