Is Hampden County, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$300,502
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Hampden County have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Hampden County was $300,502 in November 2023, up 6.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $150K | +15.4% |
| 2 Bedrooms | $225.5K | $242.3K | +7.5% |
| 3 Bedrooms | $284.3K | $300K | +5.5% |
| 4 Bedrooms | $322K | $335.7K | +4.3% |
| 5+ Bedrooms | $310K | $345.7K | +11.5% |
Summary: Hampden County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Counties
| Hartford County | $289.3K | $314.9K | +8.9% |
| Hampden County | $281.8K | $300.5K | +6.6% |
| Worcester County | $409.7K | $436.8K | +6.6% |
| Hampshire County | $375.5K | $388.3K | +3.4% |
Housing Supply in Hampden County, MA
How many homes are available in Hampden County, MA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 1,217 | 1,149 | -5.6% |
Summary: The Hampden County real estate market had 1,149 homes for sale in November 2023, a 5.6% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 13 | -31.6% |
| 2 Bedrooms | 172 | 169 | -1.7% |
| 3 Bedrooms | 502 | 484 | -3.6% |
| 4 Bedrooms | 302 | 265 | -12.3% |
| 5+ Bedrooms | 222 | 218 | -1.8% |
Summary: The Hampden County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 31.6%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 1.8%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 348 | 300 | -13.8% |
Asking Price vs. Sold Price
86 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
190 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hampden County, you could pay more than the asking price. 63.3% of homes here sold above asking price last month.
Summary: A total of 300 homes were sold or pending in Hampden County in November 2023, down by 13.8% month-over-month. Of the 300 sold homes, 29% were sold under asking, 8% were sold at asking, and 63% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 33 Days | 28 Days | -14.3% |
Summary: Homes in Hampden County had an average of 28 days on market in Nov 2023, down by 14.3% compared to last year.
Breakdown of Home Sale Times
208 Homes Were Sold
Under 30 Days
81 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hampden County are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 300 homes were sold in Hampden County; 69% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Copyright © 2023 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.