Is Hampton Township, 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, Hampton Township has remained a Seller's Market.
Key Takeaway
Hampton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hampton Township, IL
How much do homes in Hampton Township, IL cost?
Median Sold Price
$143,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hampton Township have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Hampton Township was $143,000 in May 2024, up 10.9% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $42K | $68K | +61.9% |
| 2 Bedrooms | $95.8K | $99K | +3.3% |
| 3 Bedrooms | $137K | $169.9K | +24.1% |
| 4 Bedrooms | $180K | $162K | -10.0% |
| 5+ Bedrooms | $182.5K | $229.9K | +26.0% |
Summary: Hampton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.9%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 24.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 26%.
Median Sold Price Compared To Nearby Cities
| Silvis | $134K | $159.9K | +19.4% |
| East Moline | $122.5K | $136K | +11.0% |
| Hampton Township | $129K | $143K | +10.9% |
Housing Supply in Hampton Township, IL
How many homes are available in Hampton Township, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 59 | +20.4% |
Summary: The Hampton Township real estate market had 59 homes for sale in May 2024, a 20.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 6 | 12 | +100.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Hampton Township 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 18.8%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hampton Township, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Hampton Township in May 2024, up by 70.0% month-over-month. Of the 17 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.
Days on Market for Hampton Township, IL
How long does it take to sell a home in Hampton Township, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 15 Days | -62.2% |
Summary: Homes in Hampton Township had an average of 15 days on market in May 2024, down by 62.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hampton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Hampton Township; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.