Is Hamlet, NC 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, Hamlet has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $109K | $90K | -17.4% |
3 Bedrooms | $135K | $165K | +22.2% |
4 Bedrooms | $185K | $175K | -5.4% |
5+ Bedrooms | $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 | $129.9K | $158K | +21.6% |
Marks Creek Township | $140K | $165K | +17.9% |
Rockingham Township | $167K | $178.8K | +7.1% |
Housing Supply in Hamlet, NC
How many homes are available in Hamlet, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 27 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 15 | 14 | -6.7% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 2 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 6 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 41 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
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.