Hopkinton Housing Market Statistics Overview
Well this report looks familiar. Almost all the statistics are slightly negative, but it's driven by the over-riding lack of inventory. Here's last year's March Real Estate overview on Hopkinton. Lots of similar numbers here, but last February, we were all under four feet of snow - not a lot of buying activity. But looking at all the numbers, this year is still a lot tighter than last year - when it should be softer (weather has been better, should be more sellers). Sales are higher, 90 vs. 70. Sales times are shorter, 107 days vs. 132 days. And a big jump from an average sold price of just under 500K to $575K. That likely means that Hopkinton is headed for a very productive sellers market in the spring, and with an HSI of 101, above a hundred for the second report in a row, you can bet that there's plenty of buyers looking for a place in Hopkinton.
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Sellers should be reaching in Hopkinton, and should be listing now, while inventory is scarce. Market can't hardly get much better than now, and there's no competition. Buyers should get educated and be aggressive. With this much demand, the best houses will be attracting offers quickly.
Nothing to report on the foreclosure and short-sale front. Those homes seem to be gone in Hopkinton.
Hopkinton Housing Market Statistics - Raw MLS Data
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Homes Sale Transactions are down, but with nothing to buy, that's hardly a surprise. |
- There are 52 homes (vs. 89 in the last Hopkinton Real Estate Sales Report) listed as For Sale.
- There have been 90 houses sold (vs. 115) in the last 6 months, and 52 homes sold (vs. 56) in the last 3 months.
- There was an Average Market Time of 107 days (vs. 93) for just SOLD homes.
- There is an Average Market Time of 213 days of the homes For Sale.
- The Dollars paid per Square Foot in Hopkinton is $182
- There was an Average Sold Price of $576,194 for sold homes.
- Hopkinton has 2 properties (vs. 1) advertised as lender owned/foreclosure (typically foreclosure) .
- Hopkinton has 1 properties (vs. 1) advertised as short sales required by lender .
- Hopkinton “Hot Seller Index”: 101 Last Report:108
*All statistics are for Single Family Houses and based on data in MLS.
Read my Explanation for Massachusetts Home Data Reports.
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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.
