Analysis of Hopkinton Housing Market Statistics
Well, the Hot Seller Index tells it all - it's been a good couple of months for Hopkinton. I see weakness ahead, however, especially for homes above 750K, where there's too much inventory and too few buyers. Look for big price changes in that market. Over 40% of the inventory is above 700K, and that's just too much, and competition will be fierce in that segment.
|
|
|
Buyers have grabbed the best of the season, other sellers may need to adjust prices. |
Bargain Hunters: With just one foreclosure on the market, Hopkinton is not the place for deep discounts. Most sellers have been on the market less than four months, and few sellers, who don't have to move, unlike REO properties, panic sell after just four months. Keep an eye on the active market time, however, as it will likely grow in the coming months.
Regular buyers looking under 650 won't find too much, as the market is well picked over at this time. There are some nice houses available but the best have already gone. Little inventory is coming on at this time, so the patience of the buyers will be tested.
Find Your Next Home or Check out the Competition!
Hopkinton Housing Market Statistics - Raw Data
- There are 103 homes (vs. 106) listed as For Sale.
- There have been 96 houses (vs. 59) sold in the last 6 months, and 79 homes (vs. 39) sold in the last 3 months.
- There was an Average Market Time of 101 days( vs. 153) for just SOLD homes.
- There is an Average Market Time of 112 days of the homes For Sale.
- There was an Average Sold Price of $524,297 for sold homes.
- Hopkinton has 1 properties advertised as lender owned (typically foreclosure) .
- Hopkinton has 3 properties advertised as short sales required by lender .
- Hopkinton “Hot Seller Index”: 93 Last Report: 76
*All statistics are for Single Family Homes.
Read my Explanation for Massachusetts Home Data Reports.
Our Top Articles
- What is a condo fee or HOA fee and what does it pay for?
- What is a 203K loan, and can it help me fix up a home I want to buy?!
- Can I use an FHA loan for a condo? It depends.
- What is Deed In Lieu of Foreclosure?
- I need a house cheap! Is a home foreclosure or an REO property the right way to go?
- Investors can make money on foreclosures - can you?
- What should I do if I have high levels of Arsenic in my Private Well?
Matt Heisler is a real-estate professional and owner of Heisler & Mattson Properties. He has been selling residential real-estate for over 20 years. He has given several talks on real estate, including presentations on first-time buyer tips & tricks, and profiting in real estate investing in Massachusetts. As a Vanderbilt University alumnus, he is proud to serve his local community. *All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.
