Property Q&A in Hingham>Question Details

Leila_Walden, Other/Just Looking in Hingham, MA

Average selling price in Hingham seems very high. Is that (923,347) a mean average? What is the medium?

Asked by Leila_Walden, Hingham, MA Fri Jul 27, 2012

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This question is about this property: http://www.trulia.com/homes/Massachusetts/Hingham/sold/15545…

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Hi Leila,

According to the local MLS, the median sale price in Hingham for the first 6 months of 2012 was $740,000, up 10.94% over the same period in 2011. If you'd like more details and current information about the Hingham market, visit http://www.HinghamRealEstateValues.com.
0 votes Thank Flag Link Fri Jul 27, 2012
Correction! The median for the first 6 months of 2012 is $710,000. Sorry about that!
Flag Fri Jul 27, 2012
Hello Leila,
averages are tricky when calculating, specially if we are looking at an overall picture of the market. So far this year in Hingham the average and median prices are as follows Median Price: $692,500 Average Price: $763,088. This is an over all sold stat and can be narrowed down by using more criteria on what we are comparing. If you would like a full report email us info@wenrealty.com. Hope this helps
0 votes Thank Flag Link Fri Jul 27, 2012
Hi Leila
The median sale price in Hingham year-to-date in 2012 is $725,000. That is up from $640,000 a year ago, a 13.3% increase. Clearly the Hingham market has made the turn. Median sale price is a better indicator of values rather than average sale price because it is not influenced by one high end property. You can read more about the local market in my quarterly Hingham Real Estate Enewsletter at this link:
http://archive.constantcontact.com/fs024/1103133035247/archi…

Please let me know if you have any further questions.

Pam Bates
Realtor Coldwell Banker
SRES, ABR, CNS, Notary Public
pamela.bates@nemoves.com
c: 617 240-1292
0 votes Thank Flag Link Fri Jul 27, 2012
When I put together a CMA for my clients who own 155 Whiting St in Hingham the data indicated homes sold at 94% of list price.
0 votes Thank Flag Link Fri Jul 27, 2012
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