The Hopkinton Homes For Sale Market Report

 

Hopkinton sure has been tough on buyers. With only one month where my Home Seller Index was under 90 (it hit 88 in May), buyers have had to move fast - or get left with what else is out there.

 

 

You see that yellow line down there? The one that keeps going up? It can't go up forever - not while the green line continues to go down at the same time. When yellow is up and green is down, that means price pressures exist in the town. Here on the blog, to keep things simple, I have all that boiled down to the Home Seller Index, where any number above 90 means there is at least some pressure, and numbers at 110 or more mean any sustained activity at that level will push prices up.

 

 

 

Hopkinton is back at the top with a 121 HSI, and we do see evidence that prices are moving up - as it has a new high (since I've been tracking) of $190/sq foot. With minimal bank inventory - and very little for sale - expect prices to stay in this area, and go up next spring, assuming the economy continues to improve and rates stay low, as expected.

 

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

Higher Prices haven't scared away buyers in Hopkinton.

 

• There are 66 homes listed as For Sale.
• There have been 159 houses sold in the last 6 months, and 86 homes sold in the last 3 months.
• The Average number of Days on Market was 100 days for just SOLD homes.
• There is an Average Market Time of 175 days of the homes For Sale.
• The Dollars paid per Square Foot in Hopkinton is $190 (vs. $187 )
• There was an Average Sold Price of $583,422 for sold homes.
• Hopkinton has 0 properties advertised as lender owned/foreclosure (typically foreclosure) .
• Hopkinton has 2 properties advertised as a short-sale is going to be needed by lender .
• Hopkinton “Hot Seller Index” (HSI): 121 Last Report: 110

 

 

*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.

Do Good Things Today! Matt Heisler

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