The Hopkinton Homes For Sale Market Report
Hopkinton sees prices under pressure more so than the last couple of years. In 2012, there was a huge push on prices in Hopkinton, that eventual resulted in a 10% move. But it hasn't really moved since, except perhaps seasonally.
Can’t see the chart? You can find it Here .
However, when you look at the HSI, that suggests that things are going to continue to tighten in Hopkinton, as sales volume has picked up this fall, and inventory number - the number of homes for sale - have fallen to their lows. In the past, that has been a good indicator of a market on the move. Don't be fooled by the average time on market - many of those homes are advertising new construction, and are just place holder listings that accrue lots of market time.
What should active home buyers do in Hopkinton?
Try to buy early! Prices may look 2% higher by May. It will be hard, however, as this environment will likely breed competitive offers for the best homes.
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What should potential home sellers do in Hopkinton?
Home sellers should plan on being out there early. Last year, there were so many late entrants to the spring market, they started to crowd each other out. The real action was in March and April. Take advantage of the good weather and list sooner - rather than later.
Hopkinton Houses For Sale and Sold Market Statistics - MLS Data
- The Hopkinton “Home Seller Index” (HSI): 156 Last Report:146
- There are 44 homes listed as For Sale.
- There have been 160 houses sold in the last 6 months, and 68 homes sold in the last 3 months in Hopkinton.
- The Average number of Days on Market was 79 days for just SOLD homes.
- There is an Average Market Time of 245 days of the Hopkinton homes For Sale (currently for sale).
- The amount that was paid in Dollars per Square Foot averaged $220 (vs. $215 in the last report)
- Current sellers are looking for $245 /sq. foot
- There was an Average Sold Price of $652,404 for sold homes.
- Hopkinton, MA, has 0 properties advertised as lender owned or foreclosure (typically foreclosure) .
- There are 1 properties advertised as a short-sale is going to be needed by the lender.
All raw data 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!.
Don’t Go Just Yet! More Information for you…
- Should I be pre-approved or pre-qualified for a home before I start looking seriously?
- What should I know about forced hot water heating systems in a home?
- Investors need to be smart about avoiding capital gains - here’s some tips to do that.
- TRID is here. What is it and what do I need to know?
- Updated summary report on the most expensive towns in Metrowest.
- Cleaning up? Here’s a cool list to stay organized all year long!
- How Do I buy a short sale house that is still owned by the seller?
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.
