Is Hamilton, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamilton is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Hamilton, MA

How much do homes in Hamilton, MA cost?

Median Sold Price

$905,000

$391/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$177,750(+24.4%)

Key Takeaway

Homes in Hamilton have sold for 24.4% more than they did a year ago.

Summary: The median home sold price in Hamilton was $905,000 in October 2024, up 24.4% from last year, and the median price per square foot was $391.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$499.5K
N/A
2 $625K$705K
+12.8%
3 $674.9K$737.5K
+9.3%
4 $890K$1.1M
+23.6%
5+ $1.1M$1.5M
+38.0%

Summary: Hamilton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 38%.

Median Sold Price Compared To Nearby Cities

South Hamilton
+25.2%
Hamilton
+24.4%
Topsfield
+4.1%
Ipswich
+1.4%
Essex
0.0%

Housing Supply in Hamilton, MA

How many homes are available in Hamilton, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3532-8.6%

Summary: The Hamilton real estate market had 32 homes for sale in October 2024, a 8.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 46
+50.0%
3 68
+33.3%
4 1812
-33.3%
5+ 66
0.0%

Summary: The Hamilton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hamilton, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Hamilton in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.

Days on Market for Hamilton, MA

How long does it take to sell a home in Hamilton, MA?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days19 Days-7.8%

Summary: Homes in Hamilton had an average of 19 days on market in Oct 2024, down by 7.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in Hamilton; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

Newest Listings in Hamilton, MA

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