Is South Hamilton, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Hamilton is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, South Hamilton has remained a Seller's Market.

Key Takeaway

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

How much do homes in South Hamilton, MA cost?

Median Sold Price

$761,000

$349/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$92,250(+13.8%)

Key Takeaway

Homes in South Hamilton have sold for 13.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $276K$76.5K
-72.3%
2 $505K$535K
+5.9%
3 $600K$650K
+8.3%
4 $805K$940K
+16.8%
5+ $1.1M$1.4M
+22.0%

Median Sold Price Compared To Nearby Cities

Essex
+25.5%
South Hamilton
+13.8%
Hamilton
+13.8%
Wenham
+5.4%
Ipswich
-2.0%

How many homes are available in South Hamilton, MA?

Number of Homes For Sale

Apr 2022May 2022%
2937+27.6%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 32
-33.3%
3 1518
+20.0%
4 810
+25.0%
5+ 37
+133.3%

Number of Homes Sold

Apr 2022May 2022%
68+33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Hamilton, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
69 Days11 Days-83.2%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About South Hamilton, MA

South Hamilton, MA has 37 homes for sale to choose from. The number of homes for sale in South Hamilton, MA increased by 27.6% between April 2022 and May 2022. In May 2022 median list price was $761,000 and the average listing age was 11 days. Real estate listing prices changed between April 2022 and May 2022: 1 bedroom properties became 72.3% more cheaper, the cost of 2 bedrooms properties went up by 5.9%, 3 bedrooms properties prices increased by 8.3%, prices of 4 bedrooms properties increased by 16.8%, the cost of 5 bedrooms properties went up by 22%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went down by 33.3%, volume of 3 bedrooms homes went up by 20%, number of 4 bedrooms homes increased by 25%, 5 bedrooms homes inventory increased by 133.3%. Over 8 listings were sold over their listed price in May 2022 in South Hamilton, MA. In the same period over 0 listings were sold below the listed price and 0 listings were sold for the listed price.

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