Is Hampden County, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hampden County is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

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

+$17,837(+6.2%)

Key Takeaway

Homes in Hampden County have sold for 6.2% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $140.5K$151.5K
+7.9%
2 $229.8K$245.2K
+6.7%
3 $289.5K$305K
+5.3%
4 $325K$341.4K
+5.1%
5+ $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
+10.2%
Worcester County
+8.1%
Hampden County
+6.2%
Hampshire County
+5.2%

Housing Supply in Hampden County, MA

How many homes are available in Hampden County, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
947882-6.9%

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

# BEDSJan 2024Feb 2024CHANGE
1 1115
+36.4%
2 132130
-1.5%
3 380349
-8.2%
4 209197
-5.7%
5+ 215191
-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 2024Feb 2024CHANGE
277217-21.7%

Asking Price vs. Sold Price

75 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

125 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hampden County, you could pay more than the asking price. 57.6% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
45 Days34 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Hampden County, MA

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