March

The Hopkinton Homes For Sale Market Report

Here in Hopkinton, we can really see the opposing forces in this season's market.  Sellers are staying expensive, hoping for a desperate buyer, and the buyers are moving up - but very slowly.  If we look at the more detail data, we see some other things as well. 

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

In the chart below, we see inventory pressures - not many homes to buy - consistent with the past few years.  But look at the drop in transactions.  To me, that suggests either buyers don't like the prices in Hopkinton - and are going elsewhere  - or there's nothing to buy (which is certainly a component).  It may mean, though, there are simply fewer buyers, and that is something I am watching very closely.

What should potential home buyers do in Hopkinton?

Home buyers don't have much choices, but many current sellers have been on for 5 months or more - so they may be pretty desperate for an offer.  They are overpriced, but if you can get them down where they need to be, it's a win for everyone.

Find Your Next Home or Check out the Competition!

What should future home sellers do in Hopkinton?

Home sellers will find a receptive market when priced right.  Most sellers aren't though, and the buyers are showing that they won't nibble if you're too high.  

Hopkinton Homes For Sale and Sold Market Statistics - MLS Data

  • The Hopkinton “Home Seller Index” (HSI): 132 Last Report:156
  • There are 54 homes actively listed as For Sale for Home Buyers.
  • In Hopkinton there have been 130 houses sold in the last 6 months, and 78 homes sold in the last 3 months.
  • The Average number of Days on Market was 72 days for recently SOLD homes In Hopkinton.
  • Homes for sale have been sitting for an average of 198 days homes For Sale (currently for sale).
  • The amount that was paid by Home buyers in Dollars per Sq. Ft. averaged $228 (vs. $226 in the last report)
  • Current home sellers are looking for $256 /sq foot
  • There was an Average Sold Price of $583,740 .
  • Hopkinton, MA, has 1 properties advertised as lender owned or foreclosure (typically foreclosure) .
  • There are 2 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!.

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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.