$7,351 Closing Credit*
$619,000
1,934 SqFt
4 Beds
•3 Full Baths
Tamara L Chandler, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is Hamilton, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Hamilton was a Seller's Market.
Key Takeaway
Hamilton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hamilton, VA
How much do homes in Hamilton, VA cost?
Median Sold Price
$865,810
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$34,810(+4.2%)
Key Takeaway
Homes in Hamilton have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Hamilton was $865,810 in August 2024, up 4.2% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $468K | N/A |
| 2 Bedrooms | $480K | $401.5K | -16.4% |
| 3 Bedrooms | $550K | $569.8K | +3.6% |
| 4 Bedrooms | $987.5K | $865.8K | -12.3% |
| 5+ Bedrooms | $1.2M | $1.2M | +3.2% |
Summary: Hamilton housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Blue Ridge | $747K | $819.5K | +9.7% |
| Catoctin | $789K | $827.6K | +4.9% |
| Hamilton | $831K | $865.8K | +4.2% |
Housing Supply in Hamilton, VA
How many homes are available in Hamilton, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Summary: The Hamilton real estate market had 12 homes for sale in August 2024, a 29.4% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 8 | 3 | -62.5% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Hamilton housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 62.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 11 | 2 | -81.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamilton, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Hamilton in August 2024, down by 81.8% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Hamilton, VA
How long does it take to sell a home in Hamilton, VA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 37 Days | 6 Days | -83.8% |
Summary: Homes in Hamilton had an average of 6 days on market in Aug 2024, down by 83.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hamilton are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 2 homes were sold in Hamilton; 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.
