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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hampton is a 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.

How much do homes in Hampton, VA cost?

Median Sold Price

$355,000

$156/sqft

Based on all homes sold in April 2022.

Difference Since Last Month

+$80,000(+29.1%)

Key Takeaway

Homes in Hampton have sold for 29.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2022Apr 2022%
1 --
N/A
2 --
N/A
3 $275K$330K
+20.0%
4 -$380K
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Hampton
+29.1%
Newport News
+16.4%
Poquoson
+2.1%

How many homes are available in Hampton, VA?

Number of Homes For Sale

Mar 2022Apr 2022%
749796+6.3%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 59
+80.0%
2 105109
+3.8%
3 360391
+8.6%
4 229238
+3.9%
5+ 5049
-2.0%

Number of Homes Sold

Mar 2022Apr 2022%
249202-18.9%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 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, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Mar 2022Apr 2022%
22 Days18 Days-16.4%

Breakdown of Home Sale Times

166 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

5 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Hampton, VA

Hampton, VA has 796 homes for sale to choose from. Between March 2022 and April 2022, Hampton, VA real estate market has seen increase in the number of listings by 6.3%. While the average time on the market in April 2022 was 18 days, the median list price was $355,000. Between April 2021 and April 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 0%, the cost of 3 bedrooms properties went up by 20%, 4 bedrooms properties became 0% more expensive, 5 bedrooms properties prices increased by 0%. Volume of homes for sale changed: volume of 1 bedroom homes went up by 80%, 2 bedrooms homes became 3.8% more available, number of 3 bedrooms homes increased by 8.6%, 4 bedrooms homes inventory increased by 3.9%, number of 5 bedrooms homes decreased by 2%. In April 2022, from all listings sold in Hampton, VA there were more than 4 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price.

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