Is South Hamilton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, South Hamilton was a Seller's Market.
Housing Prices in South Hamilton, MA
How much do homes in South Hamilton, MA cost?
Median Sold Price
$833,000
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Hamilton was $833,000 in March 2024, up 17.7% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $650K | N/A |
2 Bedrooms | $583.5K | $824K | +41.2% |
3 Bedrooms | $650K | $680K | +4.6% |
4 Bedrooms | $947K | $1.1M | +19.3% |
5+ Bedrooms | $1.1M | $1.3M | +16.2% |
Summary: South Hamilton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 16.2%.
Median Sold Price Compared To Nearby Cities
Hamilton | $709.2K | $847K | +19.4% |
South Hamilton | $707.5K | $833K | +17.7% |
Essex | $755K | $837.5K | +10.9% |
Ipswich | $694.9K | $762.5K | +9.7% |
Wenham | $1.2M | $975K | -18.8% |
Housing Supply in South Hamilton, MA
How many homes are available in South Hamilton, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 19 | +35.7% |
Summary: The South Hamilton real estate market had 19 homes for sale in March 2024, a 35.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The South Hamilton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in South Hamilton in March 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Hamilton, MA
How long does it take to sell a home in South Hamilton, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 220 Days | +867.0% |
Summary: Homes in South Hamilton had an average of 220 days on market in Mar 2024, up by 867% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in South Hamilton; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.