Is Hamlet, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamlet is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Hamlet, NC

How much do homes in Hamlet, NC cost?

Median Sold Price

$158,000

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$28,100(+21.6%)

Key Takeaway

Homes in Hamlet have sold for 21.6% more than they did a year ago.

Summary: The median home sold price in Hamlet was $158,000 in March 2024, up 21.6% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$150K
N/A
2 $109K$90K
-17.4%
3 $135K$165K
+22.2%
4 $185K$175K
-5.4%
5+ $76.5K$172.4K
+125.4%

Summary: Hamlet 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 decreased by 17.4%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 125.4%.

Median Sold Price Compared To Nearby Cities

Hamlet
+21.6%
Marks Creek Township
+17.9%
Rockingham Township
+7.1%

Housing Supply in Hamlet, NC

How many homes are available in Hamlet, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2427+12.5%

Summary: The Hamlet real estate market had 27 homes for sale in March 2024, a 12.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 56
+20.0%
3 1514
-6.7%
4 33
0.0%
5+ 02
+100.0%

Summary: The Hamlet housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hamlet, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Hamlet in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Hamlet, NC

How long does it take to sell a home in Hamlet, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
34 Days41 Days+19.9%

Summary: Homes in Hamlet had an average of 41 days on market in Mar 2024, up by 19.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 6 homes were sold in Hamlet; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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 30 Days Ago

Newest Listings in Hamlet, NC

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