Is Hampton, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Hampton has remained a Seller's Market.
Key Takeaway
Hampton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hampton, VA
How much do homes in Hampton, VA cost?
Median Sold Price
$469,900
$176/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Hampton have sold for 121.2% more than they did a month ago.
Summary: The median home sold price in Hampton was $469,900 in March 2024, up 121.2% from last month, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | - | N/A |
| 3 Bedrooms | $209.9K | $330K | +57.2% |
| 4 Bedrooms | - | $469.9K | N/A |
| 5+ Bedrooms | - | $525K | N/A |
Summary: Hampton housing prices by bedroom type for March 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 increased by 57.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hampton | $212.4K | $469.9K | +121.2% |
| Yorktown | $361K | $542.5K | +50.3% |
| Newport News | $258K | $284.9K | +10.4% |
Housing Supply in Hampton, VA
How many homes are available in Hampton, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 706 | 730 | +3.4% |
Summary: The Hampton real estate market had 730 homes for sale in March 2024, a 3.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 12 | -20.0% |
| 2 Bedrooms | 74 | 79 | +6.8% |
| 3 Bedrooms | 332 | 343 | +3.3% |
| 4 Bedrooms | 228 | 240 | +5.3% |
| 5+ Bedrooms | 57 | 56 | -1.8% |
Summary: The Hampton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 1.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 143 | 132 | -7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 132 homes were sold or pending in Hampton in March 2024, down by 7.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 32 Days | -21.1% |
Summary: Homes in Hampton had an average of 32 days on market in Mar 2024, down by 21.1% compared to last month.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hampton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 132 homes were sold in Hampton; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
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