- Hopkinton has 53 homes (vs. 56 in the last report) listed as Active
- Hopkinton had 70 houses sold in the last 6 months, and 33 homes sold in the last 3 months
- Hopkinton has an Average Market Time of 118 days for SOLD homes
- Hopkinton has an Average Market Time of 132 days for ACTIVE homes
- Hopkinton has an Average Sold Price of $ 493,331 for sold homes
- Hopkinton has 3 properties advertised as lender owned (typically foreclosure)
- Hopkinton has 6 properties advertised as short-sales
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Question about the terms used here? Check my Explanation for Massachusetts Home Statistics. All statistics are for Single Family Homes.
Analysis of Housing Market Statistics
Hopkinton, Massachusetts: A couple of notes on the new data in Hopkinton. First off, it's a sideways move from the last report, but looking at the market a bit more close, I did see that the Average For Sale price was over $700K in Hopkinton, while the Average sale price is under 500K. What's that mean? It means the bottom is thin, thin, thin, in Hopkinton, with over half the inventory above 650K. If you are planning on spending 700K or more in Hopkinton, you will find good selection. You won't find distressed property, as none of the homes above 700K are lender owned or short-sales (which is pretty amazing). So you have sellers at the top end who want to sell, but I don't see anyone who NEEDS to sell. Buyers looking in Hopkinton under 500K need to be aggressive when property comes on - if it's priced right, it will move fast.
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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.
