HINGHAM SINGLE FAMILY HOMES
Market Trends Through 7/31
The Hingham real estate market in 2024 has shown significant activity with a 47% increase in market inventory compared to 2023, offering more options for buyers and greater competition for sellers. Sales volume has risen by 18%, reflecting a robust and active market environment. Home values have appreciated by 12.5%, with the median sales price increasing from $1,200,000 in 2023 to $1,350,000 in 2024. Despite this, the median sale price per square foot has decreased by 5.5%, indicating potential purchases of larger homes or a market correction. Buyer interest remains strong with a 28% rise in pending listings, while the median days to offer have remained stable at 7 days. Overall, the increased inventory, rising home values, and heightened buyer demand create favorable conditions for both buyers and sellers in Hingham
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