Is Hampton, TN 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, Hampton has remained a Buyer's Market.
Key Takeaway
Hampton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hampton, TN
How much do homes in Hampton, TN cost?
Median Sold Price
$163,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hampton have sold for 15.3% less than they did a year ago.
Summary: The median home sold price in Hampton was $163,000 in March 2024, down 15.3% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $180K | N/A |
| 2 Bedrooms | $215K | $141.5K | -34.2% |
| 3 Bedrooms | $168K | $190.2K | +13.2% |
| 4 Bedrooms | $302.5K | $375K | +24.0% |
| 5+ Bedrooms | - | $240K | N/A |
Summary: Hampton 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 34.2%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 24%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Butler | $350K | $400K | +14.3% |
| Hampton | $192.5K | $163K | -15.3% |
Housing Supply in Hampton, TN
How many homes are available in Hampton, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The Hampton real estate market had 13 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hampton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hampton, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Hampton in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Hampton, TN
How long does it take to sell a home in Hampton, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 39 Days | -23.5% |
Summary: Homes in Hampton had an average of 39 days on market in Mar 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hampton has remained consistent over time.
Summary: During March 2024, 1 homes were sold in Hampton; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
