Is Hopkinton, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hopkinton has remained a Buyer's Market.
Housing Prices in Hopkinton, RI
How much do homes in Hopkinton, RI cost?
Median Sold Price
$449,900
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hopkinton was $449,900 in May 2024, up 12.5% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $177.7K | $71.7K | -59.7% |
2 Bedrooms | $285K | $340.4K | +19.5% |
3 Bedrooms | $417.5K | $482.5K | +15.6% |
4 Bedrooms | $500K | $636.5K | +27.3% |
5+ Bedrooms | $420K | $385K | -8.3% |
Summary: Hopkinton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.7%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
Hopkinton | $400K | $449.9K | +12.5% |
Ashaway | $390K | $435K | +11.5% |
Richmond | $423.7K | $427.5K | +0.9% |
Housing Supply in Hopkinton, RI
How many homes are available in Hopkinton, RI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 37 | +23.3% |
Summary: The Hopkinton real estate market had 37 homes for sale in May 2024, a 23.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 19 | 25 | +31.6% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Hopkinton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Hopkinton in May 2024, down by 16.7% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
61 Days | 65 Days | +5.7% |
Summary: Homes in Hopkinton had an average of 65 days on market in May 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Hopkinton; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.