Is Hammond, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 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
$375,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hammond have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Hammond was $375,000 in March 2024, up 10.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $157K | N/A |
| 2 Bedrooms | $200K | $395K | +97.5% |
| 3 Bedrooms | $300K | $310K | +3.3% |
| 4 Bedrooms | $374.9K | $451.1K | +20.3% |
| 5+ Bedrooms | $524K | $450K | -14.1% |
Summary: Hammond 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 97.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes decreased by 14.1%.
Housing Supply in Hammond, WI
How many homes are available in Hammond, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 37 | +8.8% |
Summary: The Hammond real estate market had 37 homes for sale in March 2024, a 8.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 12 | 18 | +50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hammond housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hammond, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Hammond in March 2024, up by 100.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 86 Days | 72 Days | -15.6% |
Summary: Homes in Hammond had an average of 72 days on market in Mar 2024, down by 15.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hammond are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Hammond; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
