Is Hamburg, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamburg is a neutral's market

Buyer's
Market

Difference Since January 2022

At the same time last year, Hamburg was a Seller's Market.

Key Takeaway

Hamburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Hamburg, NY cost?

Median Sold Price

$280,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$40,000(+16.7%)

Key Takeaway

Homes in Hamburg have sold for 16.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 --
N/A
2 $193.6K$285K
+47.2%
3 $225K$254.8K
+13.3%
4 $280K$297.5K
+6.3%
5+ $362K$463K
+27.9%

How many homes are available in Hamburg, NY?

Number of Homes For Sale

Dec 2022Jan 2023%
1014+40.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 11
0.0%
2 11
0.0%
3 46
+50.0%
4 34
+33.3%
5+ 12
+100.0%

Number of Homes Sold

Dec 2022Jan 2023%
32-33.3%

Asking Price vs. Sold Price

1 Home Was 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 Hamburg, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
29 Days20 Days-29.7%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hamburg 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 Hamburg, NY

Hamburg, NY has 14 homes for sale to choose from. In January 2023 in Hamburg, NY there were 40% more homes for sale than in December 2022. The median list price of listings available in January 2023 was $280,000, while the average time on the real estate market was 20 days. This housing market listing prices have changed between December 2022 and January 2023: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 47.2%, 3 bedrooms properties prices increased by 13.3%, prices of 4 bedrooms properties increased by 6.3%, 5 bedrooms properties became 27.9% more expensive. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes did not move, 3 bedrooms homes became 50% more available, 4 bedrooms homes became 33.3% more available, 5 bedrooms homes inventory increased by 100%. In January 2023, from all listings sold in Hamburg, NY there were more than 0 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price.