$3,086 Closing Credit*
$259,900
992 SqFt
3 Beds
•1 Full Bath
Kyle T Hause, Listing Office: Long & Foster Real Estate-James River
Is Hampton, 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, Hampton was a Buyer'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
$315,950
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$25,950(+8.9%)
Key Takeaway
Homes in Hampton have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Hampton was $315,950 in August 2024, up 8.9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $104.5K | $252K | +141.1% |
| 3 Bedrooms | $256K | $300K | +17.2% |
| 4 Bedrooms | $371K | $416.5K | +12.3% |
| 5+ Bedrooms | $475K | $450K | -5.3% |
Summary: Hampton 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 increased by 141.1%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 5.3%.
Housing Supply in Hampton, VA
How many homes are available in Hampton, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 807 | 847 | +5.0% |
Summary: The Hampton real estate market had 847 homes for sale in August 2024, a 5.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 106 | 116 | +9.4% |
| 3 Bedrooms | 366 | 398 | +8.7% |
| 4 Bedrooms | 255 | 252 | -1.2% |
| 5+ Bedrooms | 71 | 72 | +1.4% |
Summary: The Hampton 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 increased by 9.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 1.4%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 179 | 130 | -27.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hampton, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 130 homes were sold or pending in Hampton in August 2024, down by 27.4% month-over-month. Of the 9 sold homes, 11% were sold under asking, 44% were sold at asking, and 44% 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 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 55 Days | 25 Days | -54.1% |
Summary: Homes in Hampton had an average of 25 days on market in Aug 2024, down by 54.1% compared to last year.
Breakdown of Home Sale Times
94 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
4 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 August 2024, 130 homes were sold in Hampton; 72% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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