$4,572 Closing Credit*
$385,000
2,052 SqFt
2 Beds
•1 Full Bath, 1 Partial
#73317789, New England's Finest Real Estate Group, Listing Office: Real Broker MA, LLC
Is Hopedale, 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, Hopedale has remained a Seller's Market.
Key Takeaway
Hopedale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hopedale, MA
How much do homes in Hopedale, MA cost?
Median Sold Price
$485,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$50,000(-9.3%)
Key Takeaway
Homes in Hopedale have sold for 9.3% less than they did a year ago.
Summary: The median home sold price in Hopedale was $485,000 in November 2024, down 9.3% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $400K | $420K | +5.0% |
| 3 Bedrooms | $430K | $510K | +18.6% |
| 4 Bedrooms | $611.5K | $665K | +8.7% |
| 5+ Bedrooms | $585K | $599K | +2.4% |
Summary: Hopedale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Mendon | $700K | $760.5K | +8.6% |
| Milford | $493.9K | $528.8K | +7.1% |
| Bellingham | $479K | $500.5K | +4.5% |
| Upton | $665K | $640K | -3.8% |
| Hopedale | $535K | $485K | -9.3% |
Housing Supply in Hopedale, MA
How many homes are available in Hopedale, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Hopedale real estate market had 20 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hopedale housing inventory by bedroom type for November 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopedale, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Hopedale in November 2024, up by 150.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Hopedale, MA
How long does it take to sell a home in Hopedale, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 24 Days | -34.6% |
Summary: Homes in Hopedale had an average of 24 days on market in Nov 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hopedale are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Hopedale; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
