$10,000 Closing Credit*
$999,900
2,278 SqFt
2 Beds
•2 Full Baths, 1 Partial
#73320607, Philip Ottaviani, Listing Office: Realty Executives Boston West
Is Hopkinton, 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, 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
$947,500
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$108,500(+12.9%)
Key Takeaway
Homes in Hopkinton have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Hopkinton was $947,500 in November 2024, up 12.9% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $480K | $312.5K | -34.9% |
| 2 Bedrooms | $725K | $725K | 0.0% |
| 3 Bedrooms | $728.5K | $652.4K | -10.4% |
| 4 Bedrooms | $1.1M | $1.2M | +5.0% |
| 5+ Bedrooms | $1.7M | $1.7M | +0.7% |
Summary: Hopkinton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.9%, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Hopkinton | $839K | $947.5K | +12.9% |
| Ashland | $596.1K | $620K | +4.0% |
| Southborough | $950K | $980K | +3.2% |
| Upton | $665K | $640K | -3.8% |
| Westborough | $665K | $632.5K | -4.9% |
Housing Supply in Hopkinton, MA
How many homes are available in Hopkinton, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 43 | -29.5% |
Summary: The Hopkinton real estate market had 43 homes for sale in November 2024, a 29.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 13 | -27.8% |
| 3 Bedrooms | 13 | 8 | -38.5% |
| 4 Bedrooms | 23 | 16 | -30.4% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Hopkinton 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 decreased by 27.8%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes decreased by 30.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
9 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 Hopkinton, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Hopkinton in November 2024, down by 20.0% month-over-month. Of the 16 sold homes, 56% were sold under asking, 13% were sold at asking, and 31% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 44 Days | +110.6% |
Summary: Homes in Hopkinton had an average of 44 days on market in Nov 2024, up by 110.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hopkinton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Hopkinton; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
