Is Hampshire, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hampshire was a Seller's Market.
Housing Prices in Hampshire, IL
How much do homes in Hampshire, IL cost?
Median Sold Price
$390,445
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hampshire was $390,445 in March 2024, up 14.9% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $219K | $254.5K | +16.2% |
3 Bedrooms | $317K | $350K | +10.4% |
4 Bedrooms | $410K | $439.9K | +7.3% |
5+ Bedrooms | $450K | $428.2K | -4.8% |
Summary: Hampshire housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
Pingree Grove | $260.6K | $305K | +17.0% |
Hampshire | $339.9K | $390.4K | +14.9% |
Hampshire Township | $339.9K | $380K | +11.8% |
Rutland Township | $298.2K | $315K | +5.6% |
Huntley | $345K | $350K | +1.4% |
Housing Supply in Hampshire, IL
How many homes are available in Hampshire, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 92 | +17.9% |
Summary: The Hampshire real estate market had 92 homes for sale in March 2024, a 17.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 17 | +30.8% |
3 Bedrooms | 27 | 34 | +25.9% |
4 Bedrooms | 32 | 35 | +9.4% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Hampshire housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Hampshire in March 2024, down by 29.4% month-over-month. Of the 12 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 38 Days | -7.7% |
Summary: Homes in Hampshire had an average of 38 days on market in Mar 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Hampshire; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.