PANDEMIC-ERA SURGE
The median home price rose again in 2024, reaching $1,320,000, the highest in this nine-year period. This reflects a 10.2% increase from 2023 underscoring the market's resilience and continued demand for RENEWED GROWTH
The pandemic drove an extraordinary surge in the housing market, with median prices jumping from $868,000 in 2020 to a peak of $1,250,000 in 2022—an increase of 44.0% over two years. Low interest rates, limited inventory, and high demand were the key factors fueling this rapid appreciation.
high end Hingham properties, despite broader economic uncertainties.
(2023)
In 2023, prices slightly declined to $1,199,999, a 4.0% drop from the 2022 peak. This indicated market normalization after the remarkable gains of the pandemic years. ADJUSTMENT PEROID
(2020-2022)
(2024)
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