The Hopkinton Homes For Sale Market Report

OK, so you can basically take everything I just said about Holliston real estate, and say it again here. Maybe even a little more, even. Note the yellow line (home sales) below and it's sharp drop. Can't sell what's not available.

 

 

There are a couple of things worth noting.  Home Prices/sq foot have moved up very steadily since last year - 5%. Hopkinton I think is moving faster than the other towns (more on that this week perhaps), and soon may be entering the price where buyers start to look at their options. Or, it could function like Natick and keep moving up. Pulte has started a new development in Hopkinton that will be bringing lots of inventory in the mid and lower levels (300-650K) - but I don't think they'll be building many larger houses that are a staple of the Hopkinton market currently. (I can't link to the development because they are not a client, but if you have questions, please e-mail me!). With supply increasing, that may also put the breaks on prices - but not for a while yet I think. There's clearly more demand than supply, that's not going to disappear overnight.

 

 

 

Hopkinton Houses For Sale and Sold Market Statistics - Raw MLS Data

Let's dig out.

 

• There are 52 homes listed as For Sale in Hopkinton .
• There have been 108 houses sold in the last 6 months, and 44 homes sold in the last 3 months.
• The Average number of Days on Market was 106 days for just SOLD homes.
• There is an Average Market Time of 212 days of the homes For Sale (currently for sale).
• The amount that was paid in Dollars per Square Foot averaged $191 (vs. $190 in the last report)
• There was an Average Sold Price of $560,493 for sold homes.
• Hopkinton has 0 properties (vs. 0) advertised as lender owned/foreclosure (typically foreclosure) .
• Hopkinton has 2 properties (vs. 2) advertised as a short-sale is going to be needed by lender .
• Hopkinton “Home Seller Index” (HSI):104 Last Report: 121

 

 

*All statistics are for Single Family Houses and based on data in MLS.

 

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About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

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*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.