Homes sold in Hingham - August 2013

It's still a busy summer for home sales in Hingham, Massachusetts. 

38 single-family homes sold in August 

• up from 33 in July

Because there was a $3,725,000 home sale,

The AVERAGE

• SALES price was $905,000, up from $720,000 in July
• LISTING price was $931,000, up from $739,000
• ORIGINAL price was $951,000, up from $756,000
• ASSESSMENT was $792,000, up from $632,000
• AGE is 59 years (built in 1954)

Average = total prices / number of homes

The MEDIAN

• SALES price was $775,000, up from $650,000
• LISTING price was $795,000, up from $650,000
• ORIGINAL price was $795,000, up from $650,000
• ASSESSMENT was $580,000, down from $603,000

Median = the home halfway down the list

The average

• number of days on market was 82
• square footage was 2,636
• price paid per square foot was $335, up from $313 in July
• homes sold for about 95% of their original asking price and 97.5% of their last listing price

There are 110 single-family homes on the market in Hingham today

• That's 3 months of inventory at the current sales pace, and very low

18 new properties came on the market in August

• leaving inventory lower than the previous month

Mortgage interest rates are trading around 4 1/2%

• At 4.5%, the monthly payment per $100,000 of principal loan amount is $506

In Hingham, well-priced homes are selling much more quickly lately, and there have been a number of multiple offer situations. Buyers should be prepared to make an offer promptly, with a pre-approval in hand.

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

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View all the homes for sale in Hingham at Hingham Homes for Sale
and on the South Shore at South Shore homes for sale

Numbers rounded to nearest thousand. The information contained in this report, Homes sold in Hingham - August 2013, was taken from MLS Data run on 09/02/2013 and represents all single-family home sales in Hingham from 08/01/2013 to 08/31/2013. It is deemed reliable but cannot be guaranteed. 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.