Is Hampden County, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$309,957
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hampden County have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Hampden County was $309,957 in March 2024, up 7.1% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141K | $156K | +10.6% |
| 2 Bedrooms | $230K | $246.1K | +7.0% |
| 3 Bedrooms | $289.5K | $305K | +5.3% |
| 4 Bedrooms | $325K | $344.4K | +6.0% |
| 5+ Bedrooms | $315K | $355K | +12.7% |
Summary: Hampden County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Counties
| Hartford County | $297K | $325.7K | +9.6% |
| Worcester County | $418.1K | $449.9K | +7.6% |
| Hampden County | $289.4K | $309.9K | +7.1% |
| Hampshire County | $381.2K | $400K | +4.9% |
Housing Supply in Hampden County, MA
How many homes are available in Hampden County, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 938 | 935 | -0.3% |
Summary: The Hampden County real estate market had 935 homes for sale in March 2024, a 0.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 14 | -12.5% |
| 2 Bedrooms | 135 | 145 | +7.4% |
| 3 Bedrooms | 368 | 372 | +1.1% |
| 4 Bedrooms | 213 | 207 | -2.8% |
| 5+ Bedrooms | 206 | 197 | -4.4% |
Summary: The Hampden County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 4.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 253 | 250 | -1.2% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
148 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hampden County, you could pay more than the asking price. 59.2% of homes here sold above asking price last month.
Summary: A total of 250 homes were sold or pending in Hampden County in March 2024, down by 1.2% month-over-month. Of the 250 sold homes, 28% were sold under asking, 13% were sold at asking, and 59% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 37 Days | -17.5% |
Summary: Homes in Hampden County had an average of 37 days on market in Mar 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
154 Homes Were Sold
Under 30 Days
71 Homes Were Sold
In 30 - 90 Days
24 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 March 2024, 250 homes were sold in Hampden County; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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