Hingham home sales report for July 2013

Managing Real Estate Broker with Brad MacKenzie

Hingham home sales report for July 2013

2 Westview Circle, Hingham

33 single-family homes sold in Hingham in July

  • down from 35 in June


The average

SALES price was $720,000, down from $758,000 in June

LISTING price was $739,000, down from $783,000

ORIGINAL price was $ 756,000, down from $799,000

ASSESSMENT was $632,000, up from $584,000

Average = total prices / number of homes. The average can be strongly influenced by a relatively small number of high-priced sales from one month to the next


The median 

SALES price was $650,000 up from $645,000 in June

LISTING price was $650,000, up from $639,000

ORIGINAL price was $650,000, up from $639,000

ASSESSMENT was $603,000, up from $520,100

Median = the home halfway down the list

The average

  • number of days on market was 43, down substantially from 81 in June
  • price paid per square foot was $313, down from $316
  • home sold for about 95% of its original price

There are 106 single-family homes on the market in Hingham today. That's only 3 months of inventory, and only 17 new properties came on the market in June. With 33 sales in June, that means there's even less inventory now than there was at the beginning of the month.

Mortgage interest rates have moderated a bit and are trading in the 4 to 4 1/2 percent range.

In Hingham, buyers are buying immediately. Quite a few of the most desirable homes are immediately and attracting multiple offers, and several had accepted offers above asking price in a few days.  

Sellers can readily sell their home now as long as the price gives buyers a good value compared to similar homes already on the market.

Contact me to sell your home or to arrange a private showing of any home for sale in the Hingham area

View all the homes for sale in Hingham at Hingham Homes for sale

Numbers rounded to nearest thousand. The information contained in this Hingham home sales report for July 2013, was taken from MLS Data run on 08/03/2013 and represents all single-family sales in Hingham from 07/01/2013 to 07/31/2013. It is deemed reliable but cannot be guaranteed. If you, as a seller or as a buyer, are currently under a written contract to use another broker exclusively then please disregard this notice.  It is not our intention to solicit other real estate broker’s clients. We are happy to work with them and cooperate fully. ©2013 Coldwell Banker Real Estate LLC. Coldwell Banker is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Employer. Equal Housing Opportunity. Owned and operated by NRT, LLC.

Comments (2)

Scott Larson
BHHS/Utah Properties - Park City, UT
Park City, Utah Real Estate News

Nice update on the Hingham market Brad, seems like it is a pretty hot market for you right now, hopefully this will continue at a nice steady pace for a long time.

Aug 03, 2013 05:21 AM
Brad MacKenzie
Brad MacKenzie - Duxbury, MA
Turning Houses into Homes on the South Shore

Or maybe, Scott, we can just go barrelling down the mountain and take the chairlift back up.

Aug 03, 2013 06:22 AM