Is New Hampton, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Hampton is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, New Hampton was a Buyer's Market.

Key Takeaway

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

Housing Prices in New Hampton, NY

How much do homes in New Hampton, NY cost?

Median Sold Price

$348,500

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$90,000(-20.5%)

Key Takeaway

Homes in New Hampton have sold for 20.5% less than they did a year ago.

Summary: The median home sold price in New Hampton was $348,500 in February 2024, down 20.5% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $245K$232.5K
-5.1%
3 $360K$313K
-13.1%
4 $440K$564K
+28.2%
5+ $487.5K-
N/A

Summary: New Hampton housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Minisink
+6.4%
Westtown
-3.8%
Wawayanda
-15.8%
New Hampton
-20.5%

Housing Supply in New Hampton, NY

How many homes are available in New Hampton, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
68+33.3%

Summary: The New Hampton real estate market had 8 homes for sale in February 2024, a 33.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 12
+100.0%
4 34
+33.3%
5+ 00
0.0%

Summary: The New Hampton housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Hampton, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in New Hampton in February 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for New Hampton, NY

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

Average Sale Time

Feb 2023Feb 2024CHANGE
226 Days65 Days-71.2%

Summary: Homes in New Hampton had an average of 65 days on market in Feb 2024, down by 71.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in New Hampton has remained consistent over time.

Summary: During February 2024, 3 homes were sold in New Hampton; 33% of homes were sold within 30 days, 67% 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 28 Days Ago

Newest Listings in New Hampton, NY

Nearby Markets to New Hampton, NY

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