$6,234 Closing Credit*
$525,000
1,828 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Schilke Realty
Is Hopkinton, RI 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, 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, RI
How much do homes in Hopkinton, RI cost?
Median Sold Price
$475,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+14.5%)
Key Takeaway
Homes in Hopkinton have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Hopkinton was $475,000 in October 2024, up 14.5% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71.7K | - | N/A |
| 2 Bedrooms | $353K | $360K | +2.0% |
| 3 Bedrooms | $440K | $475K | +8.0% |
| 4 Bedrooms | $540K | $636.5K | +17.9% |
| 5+ Bedrooms | $420K | $509.9K | +21.4% |
Summary: Hopkinton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Cities
| Hope Valley | $425K | $549K | +29.2% |
| Hopkinton | $415K | $475K | +14.5% |
| Ashaway | $409.5K | $443.5K | +8.3% |
| Richmond | $434.9K | $421K | -3.2% |
Housing Supply in Hopkinton, RI
How many homes are available in Hopkinton, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 33 | +10.0% |
Summary: The Hopkinton real estate market had 33 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hopkinton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopkinton, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Hopkinton in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Hopkinton, RI
How long does it take to sell a home in Hopkinton, RI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 30 Days | -22.6% |
Summary: Homes in Hopkinton had an average of 30 days on market in Oct 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 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 October 2024, 9 homes were sold in Hopkinton; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
