Is Hammond, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hammond is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Hammond has remained a Seller's Market.

Key Takeaway

Hammond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hammond, WI

How much do homes in Hammond, WI cost?

Median Sold Price

$385,300

$197/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$70,300(+22.3%)

Key Takeaway

Homes in Hammond have sold for 22.3% more than they did a month ago.

Summary: The median home sold price in Hammond was $385,300 in December 2024, up 22.3% from last month, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$385.3K
N/A
3 $310K$315.8K
+1.9%
4 $430K$568K
+32.1%
5+ $412.5K$504K
+22.2%

Summary: Hammond housing prices by bedroom type for December 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 1.9%, 4 bedroom homes increased by 32.1%, and 5+ bedroom homes increased by 22.2%.

Housing Supply in Hammond, WI

How many homes are available in Hammond, WI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3926-33.3%

Summary: The Hammond real estate market had 26 homes for sale in December 2024, a 33.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 44
0.0%
3 159
-40.0%
4 149
-35.7%
5+ 64
-33.3%

Summary: The Hammond housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
159-40.0%

Asking Price vs. Sold Price

5 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 Hammond, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Hammond in December 2024, down by 40.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.

Days on Market for Hammond, WI

How long does it take to sell a home in Hammond, WI?

Average Sale Time

Nov 2024Dec 2024CHANGE
68 Days35 Days-48.5%

Summary: Homes in Hammond had an average of 35 days on market in Dec 2024, down by 48.5% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 9 homes were sold in Hammond; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

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