Is Hopkinton, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hopkinton was a Seller's Market.
Key Takeaway
Hopkinton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hopkinton, RI
How much do homes in Hopkinton, RI cost?
Median Sold Price
$444,500
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hopkinton have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Hopkinton was $444,500 in April 2024, up 11.1% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.7K | $71.7K | -59.7% |
| 2 Bedrooms | $280K | $335.9K | +20.0% |
| 3 Bedrooms | $417.5K | $480K | +15.0% |
| 4 Bedrooms | $458.7K | $592.5K | +29.2% |
| 5+ Bedrooms | $450K | $385K | -14.4% |
Summary: Hopkinton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.7%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes decreased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Hopkinton | $400K | $444.5K | +11.1% |
| Ashaway | $390K | $410K | +5.1% |
| Richmond | $417.7K | $433.7K | +3.8% |
Housing Supply in Hopkinton, RI
How many homes are available in Hopkinton, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Summary: The Hopkinton real estate market had 31 homes for sale in April 2024, a 3.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Hopkinton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hopkinton, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Hopkinton in April 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Hopkinton, RI
How long does it take to sell a home in Hopkinton, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 53 Days | +82.7% |
Summary: Homes in Hopkinton had an average of 53 days on market in Apr 2024, up by 82.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hopkinton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Hopkinton; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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