42. Hingham's High-End Headwinds: Zero Listings Under $700K and the $1.1M Median
Manage episode 518075914 series 3406107
Hingham MA real estate market analysis October 2025, South Shore luxury housing inventory, Hingham median home price trend, sold data for single-family homes in Hingham, price adjustment percentage on Hingham properties, new construction Hingham MA, Hingham bungalow sold price, South Shore MA housing market outlook, Hingham price per square foot analysis.
This episode of The Pink Door Podcast delivers a comprehensive breakdown of the Hingham, Massachusetts single-family housing market for October 2025, revealing a fiercely competitive environment defined by soaring entry prices and a robust luxury sector.
The October Market Survey highlights a critical shortage of affordable inventory, a trend driving Hingham further into the high-end market. There were zero active single-family listings priced below $700,000. The lowest-priced home available was a $749,000 Colonial, establishing a significantly higher market floor compared to previous years. The remaining active inventory is scarce, with a Median List Price of $1,399,900 for the 18 properties on the market.
The sold data for the month of October confirms Hingham's elite status. The month saw 21 single-family sales close, with the Median Sale Price settling at an impressive $1,115,000. The average sold price was $1,450,881, demonstrating the impact of high-value transactions. Homes are moving swiftly, with an average of 42 days from list date to offer acceptance and 56 days to close.
While Hingham is a seller's market, the data shows that buyers are becoming more discerning. Sellers are increasingly needing to price strategically or face corrections. The average sold price was 3% below the original asking price, and a staggering 61% of all sold listings required price adjustments prior to sale, averaging a reduction of -4.50% or approximately -$69,300 per listing.
The specific property sales give color to the market's diversity:
- New Construction Premium: A recently constructed, high-end 4-bedroom home in a prime location sold for $1,835,000. It featured luxury finishes, multiple master suites, a heated two-car garage, and a large fenced yard, illustrating strong demand for modern amenities.
- Overbidding on Entry-Level: A classic 3-bedroom Bungalow with 2,126 sq ft saw aggressive bidding, selling for $980,000 (a remarkable $81,000 or 9% over the original list price) after only 7 days on the market, showing that even the lower price points generate bidding wars.
- The Ultra-Luxury Sale: An executive home on a substantial lot, boasting a large heated pool and cabana, commanded a final sold price of $4,700,000, showcasing the very top end of the Hingham market's liquidity.
The price per square foot for sold listings in Hingham settled at an average of $547, reflecting the town’s desirability and high cost of living. For buyers looking for homes under a million, the options are virtually non-existent; for sellers, aggressive initial pricing is being met with buyer resistance, making smart, data-driven pricing a necessity for a successful closing. #sellingsouthietosagamore #jimaldred #kwmass #southshoremarealestate #sellingsouthietothecape #plymouthcountyrealestate #kwsignaturepropertiesma #HINGHAM #02043 #pinkdoorproperties #norwell 02061 #MarshfieldMA #02050 #plymouth #02360 #Scituate 02066 #pinkdoorproperties #marketreport #sellingsouthietosagamore #scituate #duxbu
Jim Aldred is a Realtor serving Boston's South Shore and can be contacted via his Links below.
https://linktr.ee/SellingSouthieToSagamore
www.KWMASS.com
Email me at [email protected]
cell: 339-987-0382
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