Methodology
This is a year over year report for single family home listings and sales in Hingham, Massachusetts, and was generated using publicly available information on the MLS. The full data is shown in the image below.
Hingham Real Estate Market Listing Activity
There have been more listings in Hingham year to date than in the previous year. There have been 188 listings taken thus far this year compared to 139 in the same period during the year prior. This represents an increase of 35.25%, which checks out with the broader greater Boston stats of increasing inventory. 152 of those listings have gone “pending” - meaning they have an offer accepted and/or purchase and sale agreement signed - this year as compared to 117 the year prior.
The average list price of single family homes in Hingham for sale has increased by 12.6% - from $1,525MM to $1.717MM.
Sales Activity
The average days on market has moved down from 47 to 40, and days to offer has moved down from 30 to 24. Average sales price per square foot is nearly identical this period compared to the same period in 2023 - a modest increase of 0.14%.
Conclusion
Overall the Hingham market remains strong. The inventory that is coming online is selling, and the days on market/days to offer has trended down. The average sales price per square foot for this period versus the same period in 2023 being so stagnant implies that Hingham has reached some level of equilibrium.
Are you looking to buy or sell in Hingham? I would love to set up a conversation to chat more about how I can secure you the best price and terms for your transaction by leveraging my expertise on the Hingham real estate market.
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