2024 South Shore Real Estate Market Report: Key Insights for Hingham, Hanover, Hull, and Cohasset

The South Shore real estate market demonstrated remarkable activity in 2024, with single-family home sales showcasing strong demand across the region. In this report, we dive into the highlights from key towns, including Hingham, Hanover, Hull, and Cohasset, while also providing insights into other notable areas.

Hingham: Coastal Living at a Premium

• Units Sold: 221

• Median Sale Price: $1,320,000

• Median Price per Sq. Ft.: $514.72

• Median Days on Market: 25

Hingham continues to lead the South Shore in both desirability and pricing. With a median sale price of over $1.3 million and a high price per square foot, the town attracts buyers looking for a mix of coastal charm, excellent schools, and a vibrant community. While homes tend to take slightly longer to sell compared to other towns, the premium pricing reflects Hingham’s enduring appeal.

Hanover: Strong Demand and Great Value

• Units Sold: 130

• Median Sale Price: $782,450

• Median Price per Sq. Ft.: $358.34

• Median Days on Market: 19.5

Hanover stands out as a highly competitive market, offering exceptional value with a median sale price under $800,000. Homes here sell quickly, with the median days on market being just under 20. Hanover’s mix of suburban charm and affordability makes it a top choice for families and first-time homebuyers.

Hull: Coastal Affordability

• Units Sold: 84

• Median Sale Price: $672,000

• Median Price per Sq. Ft.: $428.68

• Median Days on Market: 27

Hull remains a hidden gem for those seeking affordability paired with stunning coastal views. With a median sale price of $672,000, Hull provides an accessible entry point for buyers looking to enjoy seaside living. Homes in Hull typically take longer to sell, reflecting its niche appeal.

Cohasset: A Luxury Destination

• Units Sold: 64

• Median Sale Price: $1,512,500

• Median Price per Sq. Ft.: $485.38

• Median Days on Market: 27.5

Cohasset tops the charts with the highest median sale price on the South Shore, solidifying its status as a premier luxury market. The combination of exclusivity, historic charm, and oceanfront properties makes Cohasset a magnet for high-end buyers. While inventory remains limited, demand continues to drive premium pricing.

Notable Mentions: Other South Shore Markets

While Hingham, Hanover, Hull, and Cohasset are standout markets, several other towns on the South Shore also saw robust activity in 2024:

• Duxbury: With a median sale price of $1,225,000, Duxbury remains a top-tier choice for buyers seeking luxury and privacy.

• Scituate: A median sale price of $905,000 highlights Scituate’s blend of affordability and coastal living.

• Marshfield: The median sale price of $785,000 reflects strong demand in this family-friendly town.

• Plymouth: With 647 units sold, Plymouth leads the region in transaction volume, offering options for a wide range of buyers.

Key Trends Across the South Shore

• Rising Home Values: Towns like Cohasset and Hingham saw significant appreciation, driven by demand for coastal living and luxury properties.

• Quick Turnaround Times: Towns like Hanover and Marshfield showcased fast-paced markets, with homes selling in under 20 days on average.

• Diverse Price Points: The South Shore caters to a broad spectrum of buyers, from the luxury market in Cohasset to more affordable options in Hull and Plymouth.

What This Means for Buyers and Sellers

Whether you're looking to buy your dream home or considering selling your current property, the South Shore real estate market offers incredible opportunities. With competitive pricing, strong demand, and a variety of towns to choose from, it’s a great time to explore your options.

Looking for personalized market insights or guidance? Reach out to the Charles King Group to discuss your real estate goals and how these trends impact your decisions.