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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamlin is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Hamlin was a Neutral Market.

Key Takeaway

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

Housing Prices in Hamlin, NY

How much do homes in Hamlin, NY cost?

Median Sold Price

$210,250

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,250(+5.1%)

Key Takeaway

Homes in Hamlin have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Hamlin was $210,250 in May 2024, up 5.1% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 -$190K
N/A
3 $193.7K$201.2K
+3.9%
4 $215K$223.7K
+4.1%
5+ $155K$217K
+40.0%

Summary: Hamlin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 40%.

Median Sold Price Compared To Nearby Cities

Hamlin
+5.1%
Parma
+3.1%

Housing Supply in Hamlin, NY

How many homes are available in Hamlin, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1217+41.7%

Summary: The Hamlin real estate market had 17 homes for sale in May 2024, a 41.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 712
+71.4%
4 33
0.0%
5+ 01
+100.0%

Summary: The Hamlin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 71.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hamlin, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Hamlin in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Hamlin, NY

How long does it take to sell a home in Hamlin, NY?

Average Sale Time

May 2023May 2024CHANGE
5 Days4 Days-23.5%

Summary: Homes in Hamlin had an average of 4 days on market in May 2024, down by 23.5% compared to last year.

Breakdown of Home Sale Times

3 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 Hamlin are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 3 homes were sold in Hamlin; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

Newest Listings in Hamlin, NY

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