South Shore Single Family Market Overview (May 4 - November 4, 2024)

The real estate market on the South Shore of Massachusetts continues to showcase significant activity and growth. The Charles King Group, powered by Real Brokerage, is proud to present the latest market report, detailing the trends and key statistics for single-family homes in the region from May 4 to November 4, 2024. Here's a look at some of the standout towns and overarching trends in the market.

Key Highlights of the Market

Hingham: A Sought-After Destination

Hingham remains one of the most desirable towns on the South Shore. With 122 units sold over the past six months, it has proven to be a highly active market. The median sale price stands at an impressive $1,350,000, reflecting the town’s upscale appeal. Additionally, the median sale price per square foot is $534.75, demonstrating the premium value of properties in Hingham. Homes here have a median days on market of 20 days, indicating a relatively quick turnaround for sellers.

Cohasset: A Luxurious Seaside Community

Cohasset is known for its picturesque coastal living, and this is reflected in its strong real estate market performance. Although only 38 homes were sold in this period, the median sale price reached $1,590,000, positioning Cohasset as one of the most luxurious areas in the South Shore. The median sale price per square foot is $504.57, and the median days on market is 23.5 days, showing that while homes may take slightly longer to sell compared to Hingham, the high value remains undeniable.

Hanover: A Balanced Market

Hanover’s real estate market has seen 71 units sold, with a median sale price of $815,000. The median price per square foot stands at $353.47, showcasing its appeal as a more moderately priced town on the South Shore. With 18 days on the market, Hanover homes are sold quickly, signaling strong buyer interest and competitiveness.

Hull: Affordability Meets Coastal Charm

Hull offers a more budget-friendly option for buyers looking to enjoy coastal living. With 54 homes sold, the median sale price is $672,000, and the median sale price per square foot is $433.14. Hull’s median days on market is higher at 27 days, suggesting that while properties are still moving, buyers may have a bit more time to make decisions compared to the faster-paced markets of Cohasset or Hingham.

Market Trends and Insights

Overall, the South Shore has experienced robust real estate activity. Towns such as Hingham and Cohasset continue to attract high-end buyers, maintaining strong median sale prices and competitive per-square-foot pricing. On the other hand, Hanover and Hull offer opportunities for those looking for a balance between cost and coastal living. The entire region reflects healthy market conditions, with most towns having median days on market ranging from 16 to 27 days, indicating strong buyer demand and efficient property movement.

The Charles King Group Difference

This year alone, the Charles King Group has successfully helped over 50 clients buy and sell homes throughout the South Shore. As one of the top-performing real estate teams in Massachusetts, we are dedicated to guiding clients through every step of their real estate journey. Whether you are buying or selling in Hingham, Cohasset, Hanover, Hull, or any other town on the South Shore, our team combines deep market expertise with unparalleled dedication to client satisfaction. Powered by Real Brokerage, we leverage cutting-edge tools and resources to ensure your real estate experience is seamless and successful.