Hopkinton MA Real Estate Market Report February 2015

Hopkinton Massachusetts Real Estate Market February 2015

Do you want to see what has happened in the Hopkinton Real Estate market for the month of February 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 a realtors guide to Hopkinton MA Real Estate . See why Hopkinton is a popular choice of many home buyers relocating into the Metrowest area!

Hopkinton MA Real Estate

 

 

 

 

 

 

Real Estate Activity For February 2015 vs February 2014

In February of 2015 there were 6 homes that closed within the month for Hopkinton MA Real Estate. This is an decrease of 3 units, as there were 9 homes that closed February of 2014.

The average list price for the homes that closed for February of 2014 was $461,778

The average list price for the homes that closed for February of 2015 was $730,139

The average sale price for the homes that closed for February of 2014 was $445,772

The average sale price for the homes that closed for February of 2015 was $716,250

The average market time for the homes that closed for February of 2014 was 87 days.

The average market time for the homes that closed for February of 2015 was 68 days.

Homes Under Contract For February 2015

5 homes went under agreement in Hopkinton Massachusetts in the month of February. The average list price of the homes that went under agreement was $826,959. The average time on the market for these homes were 173 days. The number of homes going under contract for January was limited due to a lack of properties for sale.

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 February Homes For Sale Inventory Levels

The are currently 47 homes on the market which is an decrease from last month when there were 48 homes for sale. The average list price of these homes is $731,111. The average days on the market is 211. 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 for 2014 and into 2015

The real estate market in Hopkinton this past year was exceptional. It was one of the few towns in the area that ended the year with more sales than the previous year. Over the course of the year there were not many lulls until the final couple months of the year which are traditionally much slower.

February was a slow month with only 6 sales. This was down from last year in the corresponding time frame when there were 9 sales. Not earth shattering but none the less down. Pending sales were also lagging with only 5. This has a lot to do with a lack of homes for sale.

Over the last couple of months inventory levels have been dropping by quite a bit. With only 47 homes for sale, Hopkinton is poised see a very competitive market for home buyers. Lack of inventory always benefits sellers and that is sure to be the case this spring.

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 January 2015.

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