Is Hampshire, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hampshire has remained a Seller's Market.
Housing Prices in Hampshire, IL
How much do homes in Hampshire, IL cost?
Median Sold Price
$379,900
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hampshire was $379,900 in May 2024, up 1.3% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $227.4K | $260K | +14.3% |
3 Bedrooms | $321.5K | $358.9K | +11.6% |
4 Bedrooms | $429.4K | $440K | +2.4% |
5+ Bedrooms | $470.5K | $437.5K | -7.0% |
Summary: Hampshire housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Cities
Pingree Grove | $282.6K | $301.5K | +6.7% |
Hampshire Township | $350.3K | $373K | +6.5% |
Rutland Township | $300K | $319.3K | +6.5% |
Huntley | $345K | $352.8K | +2.3% |
Hampshire | $375K | $379.9K | +1.3% |
Housing Supply in Hampshire, IL
How many homes are available in Hampshire, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
120 | 130 | +8.3% |
Summary: The Hampshire real estate market had 130 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 23 | +9.5% |
3 Bedrooms | 48 | 53 | +10.4% |
4 Bedrooms | 46 | 48 | +4.3% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Hampshire housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 31 | +40.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Hampshire in May 2024, up by 40.9% month-over-month. Of the 31 sold homes, 32% were sold under asking, 35% were sold at asking, and 32% were sold over asking.
Days on Market for Hampshire, IL
How long does it take to sell a home in Hampshire, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 43 Days | +87.7% |
Summary: Homes in Hampshire had an average of 43 days on market in May 2024, up by 87.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Hampshire; 58% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.