Is Hampton, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Hampton has remained a Seller's Market.
Housing Prices in Hampton, VA
How much do homes in Hampton, VA cost?
Median Sold Price
$284,900
$190/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Hampton was $284,900 in April 2024, down 39.4% from last month, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $264K | N/A |
3 Bedrooms | $330K | $272.4K | -17.5% |
4 Bedrooms | $469.9K | - | N/A |
5+ Bedrooms | $525K | $400.5K | -23.7% |
Summary: Hampton housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 17.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 23.7%.
Median Sold Price Compared To Nearby Cities
Newport News | $284.9K | $347.5K | +22.0% |
Yorktown | $542.5K | $528.9K | -2.5% |
Hampton | $469.9K | $284.9K | -39.4% |
Poquoson | $525K | $275K | -47.6% |
Housing Supply in Hampton, VA
How many homes are available in Hampton, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
652 | 733 | +12.4% |
Summary: The Hampton real estate market had 733 homes for sale in April 2024, a 12.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 14 | +27.3% |
2 Bedrooms | 76 | 95 | +25.0% |
3 Bedrooms | 310 | 352 | +13.5% |
4 Bedrooms | 214 | 221 | +3.3% |
5+ Bedrooms | 41 | 51 | +24.4% |
Summary: The Hampton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 24.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
154 | 149 | -3.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 149 homes were sold or pending in Hampton in April 2024, down by 3.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for Hampton, VA
How long does it take to sell a home in Hampton, VA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 40 Days | +28.4% |
Summary: Homes in Hampton had an average of 40 days on market in Apr 2024, up by 28.4% compared to last month.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 149 homes were sold in Hampton; 58% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.