Hingham Real Estate & Homes for Sale

Explore the enchanting town of Hingham, renowned for its highly competitive housing market and luxurious lifestyle. Nestled in a picturesque setting, Hingham offers a select array of homes that are as exquisite as they are coveted. Last month, the median sale price in Hingham was an impressive $1.5M, reflecting a steady growth in the market.

Hingham’s Market Highlights

1. An Upscale Market: In October 2023, Hingham's housing market saw a 3.8% increase in median home prices compared to last year, with the median price reaching $1.5M. This growth signifies the enduring appeal and value of homes in this charming town.
2. Strong Growth in Value Per Square Foot: The median sale price per square foot in Hingham is currently $570, marking a 10.1% increase since last year. This rise underscores the high quality and desirability of properties in Hingham, offering substantial value to homeowners.

Understanding Hingham’s Market Dynamics

1. A Highly Competitive Environment: Hingham's real estate market is among the most competitive, with homes selling in just about 13.5 days on average. This rapid pace is indicative of the high demand and the premium nature of homes in this area.
2. Trends in Buying and Selling: In Hingham, most homes receive multiple offers, often with contingencies waived. The average home sells for about 4% above the listing price and goes pending in around 14 days. However, 'hot homes' are even more sought after, often selling for around 10% above list price and going pending in a mere 8 days.

Migration & Relocation Patterns

1. Local and National Interest: Between August and October 2023, 19% of Hingham homebuyers considered moving out of the town, while a substantial 81% preferred to stay within the metropolitan area. Hingham also attracts national interest, with 3% of homebuyers coming from outside metros, particularly from Hartford, New York, and San Francisco.
2. Preferred Relocation Choices: For those relocating from Hingham, the majority, 81%, choose to remain within the local metropolitan area. Portland, Lebanon, and Miami are among the top destinations, showing the varied preferences of Hingham residents.

Your Gateway to Hingham

With 2 homes sold in October 2023, down from 5 last year, Hingham offers an exclusive selection of properties, each representing the epitome of luxury and charm. Whether you are drawn to its rising market value, the quick pace of sales, or the elegant lifestyle, Hingham is a town that caters to discerning tastes and preferences.

Are You Ready to Experience Hingham?

If the allure of Hingham's competitive real estate market and luxurious living appeals to you, or if you have any inquiries about the current housing trends, I am here to help. Contact me today to explore the exceptional properties in Hingham and embark on your journey to finding a home that not only meets but exceeds your expectations.