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How Much Does An Average Home Cost in Hingham?

Find out what it costs for an average home in Hingham and neighboring communities.

 

You're probably not going to be shocked to hear this, but... Hingham homes are pretty expensive.  In fact they are fifth most expensive in the state.

In this year's edition of Coldwell Banker's national Home Listing Report, released Thursday, Nov. 29, the average price of a typical four bedroom, two bath home is listed at $292,152.

When it comes to Hingham, however, that price jumps to $845,417, which makes it the 5th most expensive home market in the Commonwealth and 36th in the Country.

The only towns in Massachusetts with more expensive homes than Hingham are Weston ( most expensive), Wellesley (2nd most expensive) , Dover (3rd) and Lexington (4th) .

The closest South Shore town to Hingham is Norwell, which ranks 15th with an average four bedroom, two bath home price of $715,133.

This year’s report analyzes more than 72,000 home listings in more than 2,500 U.S. markets, comparing the listing prices of similar homes in markets across the country from January 2012 to June 2012, according to Coldwell Banker.

Perhaps not surprisingly, Weston soared to the top of the list in Massachusetts, with an averge cost of $1,105,692—it's a price tag that landed the commonweath community in the 14th spot when it comes to most expensive homes in the country.  Springfield was at the very bottom of the state list (only made up of 116 communities) with an average cost of $136,405.

Most Expensive on the South Shore

Rank in Massachusetts Community  Average Price
5 Hingham $845,417
15 Norwell $715,133
18 Boston $697,411
19 Cohasset $690,506
22 Duxbury $661,747
25 Scituate $632,158
26 Milton $630,483
30 Canton $594,778
32 Hanover $577,942
45 Marshfield $530,791
63 Quincy $437,890

Source: Coldwell Banker's Massachusetts Home Listing Report. Communities in Massachusetts were ranked from 1 to 116 in the report. 

Related Topics: Hingham Homes and Home Guide

Pamela Bates

7:54 am on Thursday, December 6, 2012

Hi Tony and Danielle-
This is interesting information but list price not necessarily the best metric to use. This is measuring LIST PRICE of properties, not SOLD PRICE. For example, the highest list price in Hingham this year was $9,900,000 (it did not sell). This type of listing skews the statistics. I recommend looking at MEDIAN SALE PRICE as the best metric-houses that SOLD and the MEDIAN vs AVERAGE because it will not be influenced by significantly high or low valued properties. You can view my Hingham Patch Blog for statistics on the Hingham Market at http://hingham.patch.com/blog_posts/hingham-real-estate-review-and-market-insights-third-quarter-2012. Median sale price for Hingham is $660,000 and up 3.1% from last year. It is the only South Shore market with an increase in median sale price. Hingham is having an excellent year and is clearly the strongest market on the South Shore. -Pam Bates, Coldwell Banker pamela.bates@nemoves.com, (c) 617 240-1292

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Jim K.

11:07 am on Monday, June 10, 2013

Wow, I had a look at the Coldwell Bank list and see that Weston MA real estate is the 14th most expensive town in the US! California dominates the top spots, but have a local MA town in the mix is pretty cool! http://www.teriadler.com/real-estate-weston-ma/

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