Is Hampton, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hampton is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Hampton was a Seller's Market.

Key Takeaway

Hampton 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 Hampton, VA

How much do homes in Hampton, VA cost?

Median Sold Price

$310,000

$203/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$2,450(-0.8%)

Key Takeaway

Homes in Hampton have sold for 0.8% less than they did a month ago.

Summary: The median home sold price in Hampton was $310,000 in September 2024, down 0.8% from last month, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 -$193K
N/A
3 $295.4K$275K
-6.9%
4 $360K$354.9K
-1.4%
5+ --
N/A

Summary: Hampton housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hampton
-0.8%
Newport News
-8.1%
Poquoson
-26.9%

Housing Supply in Hampton, VA

How many homes are available in Hampton, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
810869+7.3%

Summary: The Hampton real estate market had 869 homes for sale in September 2024, a 7.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 910
+11.1%
2 114127
+11.4%
3 381419
+10.0%
4 240246
+2.5%
5+ 6667
+1.5%

Summary: The Hampton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 1.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
151134-11.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hampton, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.

Summary: A total of 134 homes were sold or pending in Hampton in September 2024, down by 11.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.

Days on Market for Hampton, VA

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

Average Sale Time

Aug 2024Sep 2024CHANGE
25 Days39 Days+51.9%

Summary: Homes in Hampton had an average of 39 days on market in Sep 2024, up by 51.9% compared to last month.

Breakdown of Home Sale Times

81 Homes Were Sold
Under 30 Days

38 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hampton are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 134 homes were sold in Hampton; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% 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 14 Days Ago

Newest Listings in Hampton, VA

Nearby Markets to Hampton, VA

What housing markets are near Hampton, VA?