Is Hampton, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hampton was a Buyer'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
$315,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hampton have sold for 18% more than they did a year ago.
Summary: The median home sold price in Hampton was $315,000 in March 2024, up 18% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $215K | +48.3% |
| 3 Bedrooms | $245K | $303K | +23.7% |
| 4 Bedrooms | $330K | $405K | +22.7% |
| 5+ Bedrooms | $322K | $475K | +47.5% |
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 increased by 48.3%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 47.5%.
Housing Supply in Hampton, VA
How many homes are available in Hampton, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 709 | 735 | +3.7% |
Summary: The Hampton real estate market had 735 homes for sale in March 2024, a 3.7% 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 | 76 | 82 | +7.9% |
| 3 Bedrooms | 332 | 344 | +3.6% |
| 4 Bedrooms | 228 | 240 | +5.3% |
| 5+ Bedrooms | 58 | 57 | -1.7% |
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 7.9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 1.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 140 | 133 | -5.0% |
Asking Price vs. Sold Price
3 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. 75% of homes here sold below asking price last month.
Summary: A total of 133 homes were sold or pending in Hampton in March 2024, down by 5.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 116 Days | 33 Days | -71.5% |
Summary: Homes in Hampton had an average of 33 days on market in Mar 2024, down by 71.5% compared to last year.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
16 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, 133 homes were sold in Hampton; 66% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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