Is Hampshire, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hampshire is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Hampshire has remained a Seller's Market.

Key Takeaway

Hampshire is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$4,900(+1.3%)

Key Takeaway

Homes in Hampshire have sold for 1.3% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $227.4K$260K
+14.3%
3 $321.5K$358.9K
+11.6%
4 $429.4K$440K
+2.4%
5+ $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
+6.7%
Hampshire Township
+6.5%
Rutland Township
+6.5%
Huntley
+2.3%
Hampshire
+1.3%

Housing Supply in Hampshire, IL

How many homes are available in Hampshire, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
120130+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2123
+9.5%
3 4853
+10.4%
4 4648
+4.3%
5+ 56
+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 2024May 2024CHANGE
2231+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hampshire, expect to pay close to the asking price. 35.5% of homes here sold near the asking price last month.

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 2023May 2024CHANGE
22 Days43 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hampshire are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Hampshire, IL

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