The Hopkinton Homes For Sale Market Report

OK, on to Hopkinton as we start to look at the middle of my geogrpahic area.

Can’t see the chart? You can find it Here .

Let's see. Chart shows it was a good spring. But the key line to watch is the number of homes for sale. It's up, and up quite a bit. Sales transaction volume is very, very good - so the HSI remains high, at 132, but the market is far more balanced, then it was say, about 13 months ago. With the pressure off, prices are flatlining, (although still up marginally). A normal, rising market.

What should active home buyers do in Hopkinton?

Buyers have choices - but many of those choices are at the upper levels in Hopkinton. The more inexpensive properties are well picked over, and good values are harder to find. Buyers looking under 500K are going to find few real gems, as that market is getting tougher east of 495 all the time now. There are still nice homes, to be sure, but they are smaller, older, and some will have other issues.

 

 

Find Your Next Home or Check out the Competition!

 

What should potential home sellers do in Hopkinton?

Knowing where you fit in the market is key to your success! Prices are up - at $218 a square foot - but the sellers that are on the market are asking $237/ a square foot. That's why they aren't sold - as a group, they're asking too much, and are way ahead of where this market is. Buyers know it, and aren't chasing them. If you position yourself in a competitive range for where you belong, you can sell - while they sit.

 

 

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

 

  • Hopkinton‘s “Home Seller Index” (HSI): 132 Last Report: 112
  • There are 73 homes listed as For Sale.

    Markets don't go up like crazy for long; they

    find balance, and prices stabilize, which we see

    in Hopkinton.
  • There have been 167 houses sold in the last 6 months, and 113 homes sold in the last 3 months in Hopkinton.
  • The Average number of Days on Market was 72 days for just SOLD homes.
  • There is an Average Market Time of 176 days of the Hopkinton homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $218 (vs. $217 )
  • Current sellers are looking for 237 $/sq foot
  • There was an Average Sold Price of $631504 for sold homes.
  • Hopkinton, MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 0 properties advertised as a short-sale is going to be needed by the lender.

 

 

 

*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary, and is designed to offer town-by-town information, instead of large scale trends. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

 

 

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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.

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