Is Hampden County, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Hampden County has remained a Seller's Market.
Housing Prices in Hampden County, MA
How much do homes in Hampden County, MA cost?
Median Sold Price
$305,832
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Hampden County was $305,832 in February 2024, up 6.2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140.5K | $151.5K | +7.9% |
2 Bedrooms | $229.8K | $245.2K | +6.7% |
3 Bedrooms | $289.5K | $305K | +5.3% |
4 Bedrooms | $325K | $341.4K | +5.1% |
5+ Bedrooms | $315K | $350K | +11.1% |
Summary: Hampden County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Counties
Hartford County | $294.9K | $325K | +10.2% |
Worcester County | $415.2K | $448.7K | +8.1% |
Hampden County | $287.9K | $305.8K | +6.2% |
Hampshire County | $380.2K | $399.9K | +5.2% |
Housing Supply in Hampden County, MA
How many homes are available in Hampden County, MA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
947 | 882 | -6.9% |
Summary: The Hampden County real estate market had 882 homes for sale in February 2024, a 6.9% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 15 | +36.4% |
2 Bedrooms | 132 | 130 | -1.5% |
3 Bedrooms | 380 | 349 | -8.2% |
4 Bedrooms | 209 | 197 | -5.7% |
5+ Bedrooms | 215 | 191 | -11.2% |
Summary: The Hampden County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 11.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
277 | 217 | -21.7% |
Asking Price vs. Sold Price
75 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
125 Homes Were Sold
Over Asking
Summary: A total of 217 homes were sold or pending in Hampden County in February 2024, down by 21.7% month-over-month. Of the 217 sold homes, 35% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for Hampden County, MA
How long does it take to sell a home in Hampden County, MA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
45 Days | 34 Days | -24.1% |
Summary: Homes in Hampden County had an average of 34 days on market in Feb 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
119 Homes Were Sold
Under 30 Days
82 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During February 2024, 217 homes were sold in Hampden County; 55% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.