Massachusetts Home Buyer Guide

The median price of a single-family home in Hingham, Massachusetts increased 19.4 percent during the first five months of 2015, according to data compiled by the Massachusetts Association of Realtors. 

The median price from January through May was $728,450 compared to $610,000 during the same five-month period in 2014. In May the median price decreased 4.1 percent to $625,000 from $652,000 in May 2014. 

There were 66 single-family houses sold through May, a 21.4 percent decline from the 87 sales during the same time frame last year. Home sales declined 35.5 percent in May to 20 compared to 31 in May 2014. 

Pending home sales – homes under agreement that have yet to close – increased to 39 in May from 33 last year. Through May there were 111 pending sales, down 12.6 percent from 127 pending sales during the same five months in 2014. 

Many cities and towns in the Greater Boston Area real estate market recently have had an average sale price to original list price ratio of more than 97 percent; however, home buyers in Hingham paid on average 94.8 percent of the original list price during the first five months of 2015, an indication that some homes may have been listed for sale a bit too high. In May home buyers paid on average 95.3 percent of the original list price for single-family homes.

The number of single-family homes on the market in May declined 28.6 percent to 95 from 133 in May 2014. The months supply of inventory also declined 28.6 percent to 4.2 months compared to 5.9 months. New single-family home listings decreased 15.6 percent to 54 from 64 in May 2014.

There were four condominiums sold in Hingham in May. There were 21 condo units sold from January through May at a median sale price of 369,000. Home buyers on average paid 98.9 percent of the original list price in May and 96.2 percent of the original list price from January through May. 

Pending sales declined 14.3 percent in May and 53.2 percent during the first five months of the year. 

Condominium inventory increased in May to 16 from 14 the previous May, and the months supply of inventory increased 44 percent to 2.5 months.

There were 11 new condo listings in May, an increase of 83.3 percent, but new listings declined to 30 through May from 37 during the same time frame last year.