Hopkinton MA Real Estate Market Report April 2015

Hopkinton Massachusetts Real Estate Market April 2015

Do you want to see what has happened in the Hopkinton Real Estate market for the month of April along with year over year comparisons? Below you will see a comprehensive overview of the market in town for the past month, as well as year over year results. While you are checking out the Hopkinton Real Estate report have a look at why Hopkinton Mass is a popular choice of many home buyers relocating into the Metrowest area!

Hopkinton MA Real Estate

 

 

 

 

 

 

Real Estate Activity For April 2015 vs April 2014

In April of 2015 there were 11 homes that closed within the month for Hopkinton MA Real Estate. This is an increase of 4 units, as there were 7 homes that closed April of 2014.

The average list price for the homes that closed for April of 2014 was $503,554

The average list price for the homes that closed for April of 2015 was $799,530

The average sale price for the homes that closed for April of 2014 was $484,486

The average sale price for the homes that closed for April of 2015 was $784,369

The average market time for the homes that closed for April of 2014 was 112 days.

The average market time for the homes that closed for April of 2015 was 120 days.

Homes Under Contract For April 2015

22 homes went under agreement in Hopkinton Massachusetts in the month of April. The average list price of the homes that went under agreement was $619,760. The average time on the market for these homes were 60 days. The number of homes going under contract for April was exceptional.

January 2012 – 2014 Final Year Real Estate Market Statistics For Hopkinton MA

For the period of January to December 2014 there were 207 properties sold.

For the period of January to December of 2013 there were 185 properties sold.

For the period of January to December of 2012 there were 203 properties sold.

For the period of January to December in 2014 the average list price was $608,243, the average sale price was $596,163, the average market time was 77 days.

For the period of January to December in 2013 the average list price was $571,477, the average sale price was $562,153, the average market time was 78 days.

For the period of January to December in 2012 the average list price was $574,394, the average sale price was $559,617 and the average market time was 104 days.

Current April Homes For Sale Inventory Levels

The are currently 64 homes on the market which is an increase from last month when there were 54 homes for sale. The average list price of these homes is $807,221. The average days on the market is 158. The average list price for homes right now along with days on market is very inflated due to the lack of homes for sale.

Hopkinton MA Real Estate Market Analysis

Real Estate analysis so far in 2015

The real estate market in Hopkinton is going as expected so far. The first few months got the year off to a slower start due to the terrible winter weather but sales have ramped up tremendously over the last month. Homes are going under contract as quickly as they are listed at the moment just as long as they are priced correctly.

April was an average month with 11 sales. This however was better than last April when there were only 7 sales. On the other hand pending sales were exceptional with 22 properties going under contract. From this point forward over the next few months I expect to say a rapid increase in both pending and closed sales.

Over the last couple of months inventory levels had been maintaining consistently at 45-55 home available for purchase. Inventory went up for the first time in quite a while. This is to be expected as more people put their homes on the market during the spring months than at any other point in the year. Sellers are still in the drivers seat with inventory remaining on the low side.

2014 sales data

Hopkinton ended 2014 with 207 single family homes being sold. In 2013 there were 185 so Hopkinton had an exceptional year for real estate sales.

The above statistics are for single family homes only and do not include condominiums and multi family properties.

Search Hopkinton Homes For Sale here.

Related Articles

See what took place in the Hopkinton real estate market for March 2015.

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