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.
This report was pulled in Q4 2024. To see the previous quarter’s report for Hingham, click here.
Hingham Real Estate Market Listing Activity
Inventory in Hingham has increased substantially as compared to this time last year. There have been 286 listings taken thus far this year compared to 222 in the same period during the year prior. This represents an increase of 29%, which checks out with the broader greater Boston stats of increasing inventory. 225 of those listings have gone “pending” - meaning they have an offer accepted and/or purchase and sale agreement signed - this year as compared to 176 during the same period last year.
Sales Activity
The average days on market has held steady at 42 (41 last year), and days to offer has increased ever so slightly from 25 to 28. Average sales price per square foot is nearly identical this period compared to the same period in 2023 at $549/sqft. Sales activity in Hingham remains very steady.
Conclusion
Overall the Hingham market remains strong. Though inventory has jumped substantially, inventory is selling, and it is not taking significantly longer to sell nor is it selling for less. This is a tremendously encouraging sign of the Hingham real estate market’s resilience.
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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